TALLAHASSEE, Fla. — A Florida affordable housing agency that received $1 billion in federal stimulus funds had problems meeting professional auditing standards required by law, according to a recent state auditor general’s report.
The Florida Housing Finance Corporation provides government assistance to individuals with low and moderate income and was tasked with helping struggling homeowners affected by the financial market collapse of 2008.
A review of its internal auditing activities, designed to “promote economy and efficiency and to prevent and detect fraud, waste, and abuse,” shows the agency came up short in some key areas.
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