We completed the 18th audit report in our ongoing review of the Lower Manhattan Development Corporation’s (LMDC) administration of the $2.783 billion in Community Development Block Grant (CDBG) Disaster Recovery Assistance funds awarded to the State of New York in the aftermath of the September 11, 2011, terrorist attacks on the World Trade Center in New York City.  During the audit period, April 1, 2012 through March 31, 2013, LMDC disbursed over $78 million of the $2.783 billion being administered.

The objective of the audit was to determine whether LMDC disbursed CDBG Disaster Recovery Assistance funds in accordance with the guidelines established under the U.S. Department of Housing and Urban Development (HUD)-approved partial action plans for the Columbus Park Pavilion, West Street Pedestrian Connection, Fiterman Hall, and Education – Other programs.  LMDC generally disbursed CDBG Disaster Recovery Assistance funds in accordance with the guidelines established under the HUD-approved partial action plans and applicable laws and regulations for the Columbus Park Pavilion, West Street Pedestrian Connection, Fiterman Hall, and Education – Other programs.

There are no recommendations.