President Obama’s stimulus package subsidized home loans for individuals who already owed the federal government millions in back taxes, according to a new report by federal watchdogs. The report, released Wednesday by the Government Accountability Office, found that the Federal Housing Administration, a division of the Department of Housing and …
California’s Santa Clara County used $16 million in federal housing funds not for affordable housing programs or similar services, but to increase guaranteed pension benefits for county workers. Employees of the county’s Housing Authority can now retire as early as age 50, receive as much as $40,000 annually during retirement, …