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Flaws in 235 housing aid scheme expose poor buyers to risk
The 235 mortgage subsidy program, meant to help low and moderate income families own homes, has faced suspensions and scandal warnings as sloppy management let crooks target the poor. Inspectors found many sold homes in poor condition and some new houses built with cheap materials. FHA's unfamiliarity with inner city housing and lax oversight allowed exploitation, though many buyers reported obtaining decent, affordable homes.
MENTIONED IN THIS ARTICLE
Congress
Federal Housing Administration
Romney
House Banking and Currency Committee
Paterson
N.J
Philadelphia
Washington
D.C
St. Louis
Seattle
Spokane
Everett
Wash
FHA