Web Analytics
Shoddy record-keeping and weak management inside the Boston Redevelopment Authority have cost Boston’s powerful development agency millions of dollars in unpaid fees and lease payments, an outside audit of the agency has found. The audit, commissioned by Mayor Marty Walsh earlier this year and conducted by the firm KPMG, paints a picture of an agency beset by financial woes and miscommunication. …KPMG’s audit found that the BRA exercises weak oversight over lease payments owed to it; that it collects affordable housing payments from developers, but has no policy governing how or where the affordable housing money is spent, and is unable to track where the money is spent; that it demands deed restrictions from developers, but has no way of knowing whether those deed restrictions are being followed; and that its technology and document storage systems are outdated. Read more: Commonwealth Magazine, July 17, 2014

Pin It on Pinterest