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IG says Texas housing authority is auditors' nightmare

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HOUSTON — Tenants of the Harris County Housing Authority got $8,500 in gift cards to Walmart for Christmas in 2011, courtesy of federal taxpayers. But that sort of unrestrained spending — on tenants, on memorabilia, on failed real estate deals, on its own salaries and especially on contracts with two firms connected to two former board members -- has dissipated the agency's fund balances...