The Real Deal Miami

Audit: PBC govt violated loan rules

May 06, 2011 01:57AM

Palm Beach County gave $1.7 million consisting of federal housing loans
to a group of county employees, in addition to a county employee’s
daughter, in an alleged violation of rules on conflicts of interest,
according to an audit by the U.S. Department of Housing and Urban
Development. The loan funds were part of $77.7 million the county has
received as part of the federal Hardest Hit program, and went to nine
county employees and one employee’s daughter. “The county attorney’s
office missed it. Everybody missed it,” according to Assistant County
Administrator Shannon LaRocque. “We weren’t trying to sneak something
under the radar here at all. There is nothing unscrupulous that we did
with these mortgages.” [Palm
Beach Post]