From the NY Post:
Bill de Blasio presided over millions of dollars in wasted taxpayer money when he oversaw the federal government’s public-housing programs in New York and New Jersey, records show.
He served as director of the New York-New Jersey region for the Department of Housing and Urban Development from 1997 to 1999. In that time, HUD’s inspector general reported that the region lost about $23 million to scams perpetrated by public-housing officials, mortgage companies and nonprofits that got grants from HUD.
Other accounts put the loss much higher. In a Dec. 14, 2000, article, The New York Times reported that several people defrauded HUD of $70 million in federally insured loans on more than 250 New York properties from 1998 to 1999.
Susan Gaffney, HUD’s inspector general, described extensive illegal activity by nonprofit groups at the time as “unique to New York.”
New York City — by far HUD’s largest grantee — received $1 billion annually from the agency during de Blasio’s tenure.