$16.7M: Follow-up to April audit shows how King County Regional Homelessness Authority’s shortfall built over years

The King County Regional Homelessness Authority faces a $16.7 million shortfall stemming from weak financial management, according to a follow-up review. The deficit built over years through lost administrative revenue, overspending on staff and software, and interest charges on overdraft balances. KCRHA will downsize in 2027, returning local contract work to Seattle and King County while focusing on state and federal responsibilities.