The (Tacoma) News Tribune is reporting that the FBI is investigating the Martin Luther King Housing Development Association regarding allegations of misspent public funds. From the story:

For months, questions have lingered about whether any law enforcement agency was – or would be – investigating the Tacoma-based housing nonprofit’s spending of a $4 million state budget appropriation and $400,000 federal loan. The nonprofit obtained the money in recent years to help it build a mixed-use business and housing center on Tacoma’s Hilltop, but today the site remains vacant.