|HUD No. 19-115
HUD Public Affairs
August 2, 2019
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) announced its plan to appoint a Federal Financial Monitor to oversee the disbursement of disaster recovery dollars to Puerto Rico.
“Given the Puerto Rico government’s alleged corruption, fiscal irregularities and mismanagement, we will appoint a Federal Financial Monitor to oversee the disbursement of all HUD disaster recovery funds,” said Secretary Ben Carson. “The Federal Financial Monitor’s guidance, coupled with our new, improved financial controls, will ensure recovery funds get to the people who need them most and protect taxpayers who are footing the bill.”
The Federal Financial Monitor will have extensive legal, accounting, construction management and audit oversight experience and be tasked with ensuring the efficient, effective, and accountable use of funds by: