A former Madera charter school executive faces federal charges two years after an audit tied him to the misuse of public dollars. The U.S. Department of Justice announced Tuesday that it is charging Nicolas Retana, 67, with one count of embezzling money from a program that receives federal funding. His indictment was unsealed and Retana
The Trump administration has frozen some $6 billion intended for education programs across the U.S. to ensure states and school districts align with the president’s priorities. Around two dozen states are now suing to get the money back.Some of the funding at stake impacts after-school and summer programs that nearly 1.5 million children across the
“In 2015, HUD set a requirement for some HECM borrowers to maintain a Life Expectancy Set Aside to pay for future property taxes, insurance premiums, and flood insurance on behalf of the borrower,” HUD explained in its announcement. “Our objective is to determine if HUD’s HECM Life Expectancy Set Aside calculations are meeting program goals.”