Federal Agents Raid New Orleans Nonprofit

The Associated Press is reporting here that Federal Agents have raided New Orleans Homeownership Corp., a 501(c)(3) hired by the city to the tune of $1.8 million to rehab houses damaged by Hurricane Katrina.  According to the organization’s website:

The New Orleans Affordable Homeownership Corporation, formerly Urban Homeowners Corporation of New Orleans, was formed in December 1989. This Corporation has the purpose of combating community deterioration, implementing housing (including single family ownership) and other assistance programs for the homeless, and for persons of low and moderate income; increase the number of safe, decent and sanitary housing units in the City; foster economic development and business opportunities for residents of the City; provide literacy training, job training and job placement services; promote and preserve the arts; create meaningful activities for youths at risks; provide education, management and training to disadvantage residents who seek to develop businesses which will improve their living conditions; and in general, improve the quality of life, housing conditions and work opportunities for residents of the City.

Of course, the accused is innocent until proven guilty but the fact that people are still homeless after, what, four years ought to be exhibit 1.  The investigation is being conducted by the FBI, the Inspector General and (gulp!) the IRS. 

dkj