ACORN and other radical left-wing groups would be eligible for up to $15 billion in federal funding if President Obama’s new economic stimulus package becomes law
Section 261 of the bill provides $15 billion for “Project Rebuild.” Grants would be given to “qualified nonprofit organizations, businesses or consortia of eligible entities for the redevelopment of abandoned and foreclosed-upon properties and for the stabilization of affected neighborhoods.” Radical groups like ACORN won’t get the whole $15 billion, though, because they will have to compete with state and local governments for the money.
In March of this year, Obama’s Department of Housing and Urban Development (NYSE:HUD) gave a $79,819 grant to the Miami branch of the massive conglomerate known as ACORN Housing Corp. (NYSE:AHC). AHC filed papers in 2010 legally changing its name to Affordable Housing Centers of America (AHCOA). The nonprofit corporation owed $162,813 in back taxes to the IRS, states, and cities as of this past July.
Despite the new name, AHCOA is the same old corrupt organization. It even uses AHC’s federal Employer Identification Number (72-1048321). AHCOA operates out of the same office address (209 W. Jackson Blvd., 3rd Floor, Chicago, IL 60606) and uses the same telephone number (312-939-1611).
Thanx to the Patriot Updade for the great work.....................................gb