CHICAGO -- A federal audit's findings of the Presidential Towers in Chicago have added to the problems of the apartment complex, which defaulted on its federally backed mortgage in 1990.

The audit of Presidential Towers' financial operations has found that $1.26 million was improperly incurred or charged against the complex's operations and should be repaid. This comes as Presidential Towers and the U.S. Department of Housing and Urban Development work on a plan to keep the complex afloat, including refunding already redeemed bonds to pay HUD back.

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