Housing Department Good at Building Homes, Lousy at Collecting Money
Details of new audit today released by City Controller Wendy Greuel show that the Los Angeles Housing Department (LAHD) "does a very good job helping to build housing," but "they’re not good at collecting money," according to a release issued by the City Controller's office. Greuel's audit, part of an ongoing series of audits aimed at ensuring the city's funds are properly administered, looked at how more than $43 million in Special Revenue Funds are managed at the LAHD.
The core findings of the audit, according to Greuel, are as follows:
- The Housing Department had at least $48 million in uncollected fees owed to its Code Enforcement Trust (SCEP) and Rent Stabilization Trust (RSO) funds. $36 million in fees that are owed were at least five months delinquent.
- LAHD has collected $11.2 million more in SCEP and RSO funds over the past five years than they’ve expended.
- The LAHD has 10 funds with a balance of $10.4 million that did not expend any money for at least two years.