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Citing two leaders of the group, the Times reported ACORN is suffering from "mismanagement along with a severe loss of government and membership funds."
Since September, at least half of ACORN's 30 chapters have disbanded, the Times said. The group's large New York and California chapters have set up fresh organizations.
Congress voted by wide margins to prohibit the federal government from funding ACORN and the Census Bureau ended its partnership with the group.
The group also promotes affordable housing and fights home foreclosures as well as giving tax advice.