NeighborWorks Accountability Act

This bill establishes an independent Inspector General (IG) office for the Neighborhood Reinvestment Corporation (NRC), a federal agency focused on community development. It requires the NRC to undergo annual audits by independent certified public accountants following standard auditing practices, separate from the IG's internal work. The IG cannot take over the NRC's core program responsibilities, such as overseeing grants or assessments. These changes aim to strengthen oversight of the NRC's operations and finances.