The Build-It-Back program has only begun construction on nine damaged homes since the storm.
New York City's fiscal watchdog says he's auditing the city's much-maligned Superstorm Sandy recovery program that was supposed to help rebuild homes.
Comptroller Scott Stringer said Thursday that his office will examine the Build-It-Back program's handling of its finances. Stringer says he will also monitor the speed and quality of services delivered to homeowners and check for possible fraud.
The program was created by former Mayor Michael Bloomberg to help New Yorkers repair, rebuild and elevate homes.
The city has been granted $1.45 billion in federal funding for the program and about 20,000 people have applied for rebuilding and repair assistance.
The city says just 30 have received reimbursement checks. Only nine damaged homes have begun construction.
Mayor Bill de Blasio will announce an overhaul of the program on Thursday.