Thursday, September 9, 2010

Holyoke HUD Audit

Update in the Springfield Republican August 31, 2010.  HUD feels that they should have spent 1.75 million on 7 duplexes not more then 2 million and they may want Holyoke to pay back $288,000.  Got me to thinking 7 duplexes at 1.75 million comes to 250K per duplex or 125K per unit.

Seems like a bargain to me (125K per unit) compared to the 510K for the Hadley.

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