NeighborWorks Accountability Act

HR 6483 establishes an Inspector General (IG) for the Neighborhood Reinvestment Corporation (NRC), a federal agency focused on community development. The bill prohibits the IG from taking over the NRC’s day-to-day operations, such as grant oversight or organizational assessments. It also mandates annual independent audits of the NRC’s finances by certified public accountants following standard auditing practices. This bill directly affects the NRC’s internal oversight structure and its accountability to Congress.