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The Lower Manhattan Development Corporation, New York, NY, Generally Administered CDBG Disaster Recovery Assistance Funds in Accordance With HUD Regulations

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We performed the 19th 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, 2001, terrorist attacks on the World Trade Center in New York City.  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 (1) Lower Manhattan Housing, (2) Fulton Corridor Revitalization, (3) Lower Manhattan Public Information Plan, and (4) Planning and Administration 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 (1) Lower Manhattan Housing, (2) Fulton Corridor Revitalization, (3) Lower Manhattan Public Information Plan, and (4) Planning and Administration programs.

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