FAC Explorer

Audit 354055

FY End
2024-12-31
Total Expended
$620.56M
Findings
2
Programs
27
Organization: Indiana Housing and Community Development Authority (IN)
Year: 2024 Accepted: 2025-04-21
Auditor: Forvis Mazars LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
555525 2024-001 - - E
1131967 2024-001 - - E

Programs

ALN Program Spent Major Findings
14.195 Project-Based Rental Assistance (pbra) $243.57M - 0
21.023 Emergency Rental Assistance Program $101.69M Yes 1
93.568 Low-Income Home Energy Assistance $91.23M Yes 0
14.239 Home Investment Partnerships Program $38.86M - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $14.12M Yes 0
81.042 Weatherization Assistance for Low-Income Persons $13.79M Yes 0
21.026 Homeowner Assistance Fund $12.09M - 0
93.569 Community Services Block Grant $11.49M - 0
14.267 Continuum of Care Program $10.66M Yes 0
14.275 Housing Trust Fund $8.82M Yes 0
14.871 Section 8 Housing Choice Vouchers $3.50M - 0
10.415 Rural Rental Housing Loans $1.31M - 0
14.327 Performance Based Contract Administrator Program $1.20M - 0
14.905 Lead Hazard Reduction Demonstration Grant Program $610,800 - 0
14.913 Healthy Homes Production Program $532,450 - 0
14.880 Family Unification Program (fup) $503,307 - 0
93.558 Temporary Assistance for Needy Families $481,558 - 0
14.879 Mainstream Vouchers $474,248 - 0
84.425 Education Stabilization Fund $431,913 - 0
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $288,530 - 0
93.958 Block Grants for Community Mental Health Services $250,685 - 0
14.231 Emergency Solutions Grant Program $179,962 - 0
14.326 Project Rental Assistance Demonstration (pra Demo) Program of Section 811 Supportive Housing for Persons with Disabilities $100,093 - 0
14.277 Youth Homeless System Improvement Grants $58,817 - 0
14.901 Healthy Homes Weatherization Cooperation Demonstration Grants $56,899 - 0
16.812 Second Chance Act Reentry Initiative $11,371 - 0
14.241 Housing Opportunities for Persons with Aids $0 - 0

Contacts

Name Title Type
PW8WAKF1KWG9 Rich Harcourt Auditee
3172327777 Andy Rinzel Auditor
No contacts on file

Notes to SEFA

Title: Federal Loan Programs Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Indiana Housing and Community Development Authority (the Authority) under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance The federal loan programs listed subsequently are administered directly by the Authority, and balances and transactions relating to these programs are included in the Authority’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2024, consist of: RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1,248,958. COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII (14.228) - Balances outstanding at the end of the audit period were 13,475,882. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 18,474,775. During 2024, the Authority granted noncash assistance in the form of loans totaling $535,000 for the Home Investment Partnerships Program.

Finding Details

Finding 2024-001
2024-001 Federal Program: COVID-19 - Emergency Rental Assistance (ERA) Assistance Listing Number: 21.023 Federal Awarding Agency: United States Department of the Treasury Compliance Requirement: Allowable Costs Criteria: 2 CFR 200.403 establishes standards for determining costs allowable for federal awards. Management is responsible for ensuring that recipients of Emergency Rental Assistance funds are eligible, and that their benefit amounts are calculated accurately. Condition: For one payment selected for testing, the Authority calculated the eligible benefit amount incorrectly. Cause: A secondary review was performed of the benefit calculation, but the review did not detect the error. Effect: One beneficiary received more from ERA funds than they were eligible to receive. Questioned costs: The overpayment identified was $350. Context: We tested a sample of 40 individuals that received payments under the program totaling $170,416 of disbursements out of 15,335 total recipients, with total payments of $75,066,010 during 2024. In our testing we identified that one individual selected in our sample was paid $350 more than their documented eligible rent and utility expenses under the program, due to an error in the calculation of the eligible benefit amount. Our sampling methodology is not considered statistically valid. Recommendations: We recommend that the Authority implement additional procedures to ensure that errors in benefit calculations are detected and corrected in a timely manner. Authority’s Response: We agree that the amount paid was an error. As the ERA program ends in 2025, we are working to review all activity, identify errors, and recover amounts paid in error where possible.
Finding 2024-001
2024-001 Federal Program: COVID-19 - Emergency Rental Assistance (ERA) Assistance Listing Number: 21.023 Federal Awarding Agency: United States Department of the Treasury Compliance Requirement: Allowable Costs Criteria: 2 CFR 200.403 establishes standards for determining costs allowable for federal awards. Management is responsible for ensuring that recipients of Emergency Rental Assistance funds are eligible, and that their benefit amounts are calculated accurately. Condition: For one payment selected for testing, the Authority calculated the eligible benefit amount incorrectly. Cause: A secondary review was performed of the benefit calculation, but the review did not detect the error. Effect: One beneficiary received more from ERA funds than they were eligible to receive. Questioned costs: The overpayment identified was $350. Context: We tested a sample of 40 individuals that received payments under the program totaling $170,416 of disbursements out of 15,335 total recipients, with total payments of $75,066,010 during 2024. In our testing we identified that one individual selected in our sample was paid $350 more than their documented eligible rent and utility expenses under the program, due to an error in the calculation of the eligible benefit amount. Our sampling methodology is not considered statistically valid. Recommendations: We recommend that the Authority implement additional procedures to ensure that errors in benefit calculations are detected and corrected in a timely manner. Authority’s Response: We agree that the amount paid was an error. As the ERA program ends in 2025, we are working to review all activity, identify errors, and recover amounts paid in error where possible.