North Carolina Housing Finance Agency – Fell Victim to Theft
$2.7 Million Stolen From Taxpayers, NCFHA reported (Photo: USA Today)
AN ORGANIZATION CALLED NORTH CAROLINA HOUSING FINANCE AGENCY, WHICH WORKS TO HELP INDIVIDUALS IN NORTH CAROLINA FIND AFFORDABLE HOMES, HAD ABOUT $3 MILLION STOLEN FROM IT
The North Carolina Housing Finance Agency or NCHFA reported to the North Carolina State Bureau of Investigation about a theft of $2.7 million money from taxpayers. According to records uncovered by the ABC11 I Team.
The following week the North Carolina Housing Finance Agency reported “fraud, false pretense, or swindle” to the Raleigh Police Department. From the police report also, the incident involved a fraudulent account used in order to steal money thru a wire transfer.
When asked about an ongoing federal inquiry, the North Carolina Housing Finance Agency declined to provide additional details.
The federal office also chose not to acknowledge the investigation.
However, North Carolina Housing Finance Agency did make it clear that they have no reason to suspect any involvement from their employees.
North Carolina Housing Finance Agency or NCHFA is a state organization dedicated to providing North Carolinians with access to affordable housing. They use funds from both the federal government and the state to finance affordable homes and apartments.
A property in North Carolina funded by the NCHFA. (Photo: housingbuildsnc.com)
Additionally, they offer down payment assistance. Manage rental aid agreements and prevent foreclosures. And provide housing counseling services.
North Carolina Housing Finance Agency also oversees tax credit programs and bond sales. In 2017 two federal audits revealed issues with how North Carolina Housing Finance Agency utilized government funding intended for preventing home evictions.
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) a federal law enforcement agency focusing on financial institution misconduct specifically mentioned the North Carolina Housing Finance Agency as one of 10 organizations with problems in their operations.
Thus, the North Carolina Housing Finance Agency has aided more customers to ease their burden on highly expensive properties.
