Congressman Flood Condemns Corruption in New York Public Housing Agency

WASHINGTON, D.C. – RealEstateRama – U.S. Congressman Mike Flood issued a statement following news federal prosecutors had filed charges against scores of New York City Housing Authority employees.

“The culture of corruption at the New York City Housing Authority is shocking. The systematic work of current and former employees to steal taxpayer money harms not just the people of New York, but communities across the country who are struggling to build affordable housing at a time when inflation is putting home ownership out of reach for many. This serves as an important reminder that federal agencies must always remain diligent in rooting out waste, fraud, and abuse. Failing to do so allows taxpayer dollars to flow into the pockets of criminals rather than address the critical housing challenges we face in Nebraska and across the country. I applaud the work of federal prosecutors and look forward to continuing conducting rigorous oversight through the Housing and Insurance Subcommittee of how our taxpayer funds are used.”

Congressman Flood serves on the House Financial Services Committee where he is a member of the Housing and Insurance Subcommittee. Flood recently addressed a Housing Summit in Columbus, Nebraska where he was joined by the Director of the Federal Housing Finance Agency and representatives from HUD, Fannie Mae, and Freddie Mac.