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Concord Housing Authority Cited for Overcharging Seniors, Disabled $7K

A state audit found several instances of financial mismanagement.

The Concord Housing Authority's Peter Bulkeley Terrace. Credit: Concord Housing Authority
The Concord Housing Authority's Peter Bulkeley Terrace. Credit: Concord Housing Authority
A state audit found financial mismanagement at the Concord Housing Authority led to $7,100 in unwarranted overcharges for seniors and disabled residents of Peter Bulkeley Terrace. 

The audit found:

  • The authority overcharged 24 tenants of its Peter Bulkeley Terrace building by $7,100. The overcharges were the result of the authority "using an incorrect percentage of the tenants’ monthly income to determine their monthly rent."
  • A $1 million dollar debt related to a loan from the Massachusetts Housing Finance Agency was improperly disclosed to the state as a grant.
  • Incomplete inventories of the authority’s furniture and equipment and missing documentation related to tenant selection.
State officials said the authority credited the 24 overcharged tenants.

Read the audit

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