Lower Manhattan Development Corporation Community Development Block Grants Disaster Assistance Funds
"HUD OIG performed the seventh of the ongoing audits of the Lower Manhattan Development Corporation’s (LMDC’s) administration of the $2.783 billion in Community Development Block Grant (Block Grant) Disaster Recovery Assistance funds provided to the State of New York following the September 11, 2001, terrorist attacks on the World Trade Center in New York City. HUD OIG’s audit objectives were to determine whether the LMDC (1) disbursed Block Grant Disaster Recovery Assistance funds in accordance with the guidelines established under HUD’s approved partial action plan