Kansas City-contracted agency over shot budget to the power of 13
Kansas City, Mo., housing lender, the Housing and Economic Development Financial Corp., spent $600,000 to purchase and fix up two urban homes.
Kansas City, Mo., housing lender, the Housing and Economic Development Financial Corp., spent $600,000 to purchase and fix up two urban homes. According to the Kansas City Star, that amount is almost 13 times the amount the houses were worth. Property taxes have not been paid on the houses, either. http://www.kansascity.com/mld/kansascity/news/local/9902957.htm
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