Seattle’s homelessness response is under fire after new findings revealed massive financial mismanagement, including roughly $13 million in public funds that cannot be accounted for, according to a new audit.
A forensic evaluation of the King County Regional Homelessness Authority (KCRHA) obtained by KOMO News found the agency lost track of millions, while a separate audit exposed an even deeper crisis: a negative cash position of $44.7 million as of July 2025, along with approximately $8 million in receivables that could not be explained or reconciled.
The reports do not accuse the embattled agency of widespread fraud, but they paint a picture of a system where basic financial controls collapsed, leaving leadership unable to clearly track how taxpayer money was being spent…