Friday, March 1, 2013

D.C. responds to HUD on Skyland, seeking to avoid a $28M slap

Binders full of records that show D.C.’s use of federal funds for the Skyland Shopping Center acquisition was by-the-book and properly documented are now in the hands of the Department of Housing and Urban Development.As I first reported in December, HUD found D.C.’s use of Community Development Block Grants for the purchase and maintenance of Skyland to be “problematic.” It gave the District, specifically the Department of Housing and Community Development, 45 days (later extended into…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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