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Audit: D.C. agency used funding to house poor residents for other needs
The Washington Post: The D.C. government has used a $1 billion fund established to create affordable housing and stave off gentrification to repay the federal government millions of dollars for mismanaged grants, the D.C. Auditor said in a new report Tuesday.
Since 2001, the Housing Production Trust Fund, as the program is known, has doled out nearly $750 million in grants and loans to developers to build or preserve thousands of units of affordable housing.
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