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Milwaukee's Housing Authority faces potential bankruptcy after misusing $2.8M in federal funds.
Milwaukee's Housing Authority (HACM) faces financial crisis after $2.8 million in Section 8 funds were misused from 2019 to 2022, covering administrative costs instead of tenant aid.
The agency is behind on payments and pension contributions, leading to layoffs and potential bankruptcy.
A recovery plan with HUD is in progress to improve financial controls and operations.
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La Autoridad de Vivienda de Milwaukee se enfrenta a una posible bancarrota después de usar indebidamente $2.8 millones en fondos federales.