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We performed the 22nd review of the Lower Manhattan Development Corporation’s (LMDC) administration of the $2.783 billion in Community Development Block Grant (CDBG) Disaster Recovery 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 administered its Disaster Recovery-funded Lower Manhattan Housing and Other World Trade Center Area Improvements programs in accordance with applicable requirements.  Specifically, we reviewed $6.8 million of the $11.9 million disbursed during our audit period for the two programs selected for review.

LMDC generally administered its Disaster Recovery-funded Lower Manhattan Housing and Other World Trade Center Area Improvement programs in accordance with applicable requirements.  For the $6.8 million in disbursements reviewed, LMDC ensured that disbursements were for eligible and supported costs.  In addition, LMDC provided effective subrecipient and contractor oversight for the activities reviewed.

There are no recommendations.