EXCLUSIVE: BIG PROBLEMS AT THE CITY OF HOUSTON HOUSING DEPARTMENT!

HOUSTONIANS PROMISED HELP MY NOT GET IT RIGHT NOW!

FOX 26 NEWS AND THE INSITE HAVE LEARNED THE CITY OF HOUSTON’S DOWN PAYMENT ASSISTANCE PROGRAM IS ESSENTIALLY BROKE WITH POTENTIALLY DOZENS OF PEOPLE LEFT HOLDING WORTHLESS IOU’S…SOURCES TELL FOX 26 AND THE INSITE THE CITY CONTROLLER ‘WAS FORCED’ TO ESSENTIALLY SHUT DOWN THE PROGRAM YESTERDAY WHEN AUDITORS LEARNED THE FUND SET UP TO HELP WITH DOWN PAYMENT ASSISTANCE WAS MORE THAN $9 MILLION DOLLARS IN THE HOLE – THE RED. THIS AFFECTS A LONG LIST OF PEOPLE WHO WERE PROMISED FINANCIAL ASSISTANCE BY THE CITY’S HOUSING DEPARTMENT. THE PROGRAM WAS DESIGNED TO HELP THOSE WHO TOOK PART IN A CITY MANDATED CREDIT EDUCATION COURSE TO BUY A HOME. WE’RE TOLD ON THURSDAY CITY CONTROLLER RONALD GREEN WAS NOT ABLE TO CERTIFY THE HOUSING DEPARTMENT HAD FUNDS IN ITS ACCOUNT TO CONTINUE THIS PARTICULAR PROGRAM. WE’RE WORKING TO GET YOU MORE DETAILS AND JUST HOW MANY PEOPLE THIS WILL AFFECT.