Supportive Housing for Persons with Disabilities (Assistance Listing No. 14.181) The balance of the HUD Section 811 capital advance at September 30, 2025 is 1,582,400
Assistance Listing title and number (Federal award identification number and year): Supportive Housing for Persons with Disabilities (Assistance Listing No. 14.181, year 2025) Auditor non-compliance code: J – Unauthorized management fees Finding resolution status: Unresolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size is not applicable to the finding. Name of Federal Agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable Questioned costs: $1,675 Statement of condition #2025-001: The Corporation paid management fees of $1,675 in excess of the amount approved by HUD. Criteria: The HUD approved management agent certification (Form HUD-9839-B) provides for the payment of management fees equal to 6.97% of residential and miscellaneous income collected. Effect: The Corporation is not in compliance with the HUD approved management agent certification and Section 811 Regulatory Agreement. Cause: The Agent inadvertently paid management fees of $1,675 in excess of the amount approved by HUD. Recommendation: The Agent should review the percentage fee used for management fees on a monthly basis to ensure there were no changes to the management certifications. Additionally, the Agent should reimburse the Corporation $1,675 for the overpaid management fees. Management's response: Agree.