The current balance in the LOCCS system, according to a record reviewed by WIRED, is over $100 billion—money Congress has approved for HUD projects but which has yet to be drawn down. Much of this money has been earmarked to cover disaster assistance and community development work, a source at the agency says.
Normally, those who have access to LOCCS require additional processing and approvals to access the system, and most only have “read” access, department employees say.
“Read/write…
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