Delayed dollars, defunct deals
In May, The Washington Post analyzed major construction and renovation projects funded by the U.S. Department of Housing and Urban Development, a total of 5,100 development deals worth $3.2 billion. The Post found that nearly 700 projects awarded $400 million showed signs of being delayed, primarily because they were launched years ago or had not drawn federal money in months or years but were still listed as open and incomplete on HUD's books. An additional 600 projects had not drawn any of the money allocated, tying up $250 million.
SOURCE: U.S. Department of Housing and Urban Development, November 2010 data;
U.S. Census Bureau; American Community Survey.
GRAPHIC: Wilson Andrews, Jennifer Jenkins, Debbie Cenziper, Todd Lindeman, Dan Keating, Mary Kate Cannistra and Nathaniel Vaughn Kelso - The Washington Post. Published May 15, 2011.