WASHINGTON, D.C. – February 10, 2014 – (RealEstateRama) — After reports by the Raleigh News & Observer regarding executive salaries and compensation practices at the Raleigh Housing Authority (RHA), Congressman George Holding released the following statement:
“At a time when our nation is over 17 trillion dollars in debt—the high compensation received by the RHA Executive Director raises the question as to whether our tax dollars are being spent wisely. Our economy has stalled over the last few years, and North Carolinians are struggling to find jobs and provide for their families. Now, imagine how frustrating it is for them to find out that housing officials are pulling down upwards of $280,000 in compensation while also taking off up to 11 weeks a year – it violates the public’s faith in government and is just plain wrong.
The RHA is funded largely by federal taxpayer dollars provided by the Department of Housing and Urban Development (HUD). Congress must maintain strong oversight of their operations and spending which is why I have asked HUD to conduct an audit of how the RHA has used the federal dollars it received over the last three years. It certainly runs up a red flag when the RHA pays its Executive Director more than the director of the Chicago Housing Authority or the Governor of North Carolina.
Government spending is out of control, which has led to a debt crisis that is threatening our nation and the future of generations to come. This audit will help show the public how the RHA spent federal money, how much money it wasted, and what steps should be taken to eliminate further wasteful spending while continuing to fulfill its mission.”
Contact: Lindsay Hamilton, 202-225-3032