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Wednesday, June 9, 2010

Is ACORN Housing Being Investigated?

Journalist Matt Vadum says yes.

As ACORN gears up to use your tax dollars to influence future elections, the U.S. Department of Housing and Urban Development is conducting a "massive" probe of ACORN Housing Corp., a source familiar with the ongoing investigation says.

A spokesman for HUD's inspector general refused to confirm or deny whether ACORN Housing was being investigated.

ACORN Housing is no longer ACORN Housing. It's now called Affordable Housing Centers of America and one of its board members is the former HUD Secretary Henry Cisneros. ACORN Housing is one of the most profitable of ACORN's affiliates.

It also has a unique relationship with ACORN itself. One insider told me that ACORN Housing would on occasion provide funding for cash strapped ACORN. At the same time, ACORN Housing started using its own bookkeeping service and cut of CCI long before CCI became toxic publicly. Michael Shea is the CEO of ACORN Housing.

1 comment:

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