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Podcast: BiggerPockets Daily
Episode: Corruption Scandal Shows How Some Housing Nonprofits Misused Tax Dollars to Obstruct Affordable Development by Lindsay Frankel
Description: HomeRise, a nonprofit housing developer that has received more than $200 million in grants and loans from the city of San Francisco, declares on its website that its mission is âto help people experiencing homelessness secure housing and become self-sufficient.âHowever, in April, an independent audit revealed questionable spending of the organizationâs funds. While the scope of inappropriate spending was not clear due to incomplete record-keeping, the audit found that most of the grant money went toward staff salaries, including large bonuses that violated the cityâs grant agreement. Learn more about your ad choices. Visit...