Word: hud
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...July, Joseph Monticciolo, the former New York regional administrator for the Department of Housing and Urban Development, contended that D'Amato had repeatedly pressured him to approve housing projects. Many of them, HUD documents show, were in Puerto Rico, which the regional office administered. Last week HUD Secretary Jack Kemp decided to move Puerto Rico operations out of the New York region, which would put them beyond D'Amato's reach. D'Amato also helped gain HUD financing for work in his hometown on Long Island, where his brother Armand, a lawyer, profited from the closings on house sales. Armand...
...wait, there's still Secretary Samuel Pierce and the HUD scandal. Savings and loans continue to hemorrhage red ink. And after 10 years of investigation, the Wedtech scandal has finally put Edwin Meese-chum Robert Wallach behind bars...
Haar also pointed out that while HUD Secretary Jack Kemp initially supported the bill, the issue defies party allegiance both in its supporters and its detractors...
...Republican big shots like James Watt can collect $400,000 for a few phone calls to HUD, why shouldn't a member of the Republican Senatorial Inner Circle get a few thousand for lobbying top officials face to face? That may have been the reasoning of Larry R. Smith, a Harrisburg, Ill., free-lance writer who received an invitation from George Bush to join the circle and submitted a $1,000 membership...
...HUD inspector general Paul Adams had repeatedly warned his boss, Secretary Samuel Pierce, about the problems and had been repeatedly ignored. Last week the Government Accounting Office reported that the losses in just one HUD program, the Federal Housing Administration, totaled $4.2 billion -- five - times the amount the Reagan Administration had conceded. That bill lands on top of the $300 billion or so needed to rescue the savings and loan industry -- another problem that Washington chose to overlook while the losses mounted...