Investigation Finds $369 Million in Wildfire Aid Funneled to Developers
What happened
An investigation found that California directed nearly $369 million in federal aid, intended for victims of the 2018 wildfires, to low-income housing developers. This money was awarded without requiring the developers to house any wildfire survivors. The federal government had allocated over $1 billion to California to aid community recovery from the fires, which killed 103 people and destroyed more than 24,000 structures.
From nypost.com
Why it matters
The misuse of recovery funds occurred while thousands of Californians were struggling to rebuild their lives after the devastating fires. Survivors, such as Mickey Schechter, reported being unable to afford the estimated costs to rebuild their homes despite the availability of federal aid.
From nypost.com
Who's involved
- Los AngelesLocation where the aid fund misdirection was investigated
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Los AngelesSpeculative
The local housing market might face increased costs or reduced supply of affordable housing due to the misallocation of recovery funds.
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The entities involved
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Los Angeles
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