The Hoffman Triangle III project aimed to complete nine new homes for first-time homebuyers by the end of last year. But only 5 were completed, according to a city report detailing how federal housing grant funds were spent in 2011.
It seemed like a simple enough question: How much of a $25 million annual federal allocation did Mayor Mitch Landrieu’s administration spend last year to help struggling residents and address blight?
The precise figure is hard to decipher, city officials said. On the one hand, the city spent more than $25 million because of money rolled over from previous years. But it didn’t spend all of its 2011 money, citing project delays.
As they do annually, the feds are letting the money roll into this year, so the city hasn’t lost any funding.