FAC Explorer

Audit 387257

FY End
2025-06-30
Total Expended
$302.77M
Findings
2
Programs
8
Organization: South Carolina State Housing Finance and Development Authority (SC)
Year: 2025 Accepted: 2026-02-13
Auditor: CLIFTONLARSONALLEN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1173493 2025-001 Material Weakness Yes N
1173494 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $185.61M Yes 0
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $89.94M Yes 0
14.275 HOUSING TRUST FUND $4.48M Yes 0
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $2.67M Yes 0
14.879 MAINSTREAM VOUCHERS $664,143 Yes 1
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $69,362 Yes 0
21.023 EMERGENCY RENTAL ASSISTANCE PROGRAM $57,954 Yes 0
21.026 HOMEOWNER ASSISTANCE FUND $35,583 Yes 0

Contacts

Name Title Type
MP82AN8JP477 Flora Wingard Auditee
8038964210 Justin Measley Auditor
No contacts on file

Notes to SEFA

Total expenditures for the HOME Investment Partnership Program for the fiscal year ended June 30, 2025, include $1,807,813 of awards expended for loans that are recorded as Loans Receivable in the Statement of Net Position and $4,908,846 of amounts included in Housing Assistance Payments and Grant Awards Disbursed on the Statement of Revenues, Expenses and Changes in Fund Net Position. The total balance of loans for which the federal government has continuing compliance requirements is $82,800,753 as of June 30,2025. Total expenditures for the National Housing Trust Fund for the fiscal year ended June 30,2025, include $3,811,560 of amounts included in Housing Assistance Payments and Grant Awards Disbursed on the Statement of Revenues, Expenses and Changes in Fund Net Position. The total balance of loans for which the federal government has continuing compliance requirements is $654,220 as of June 30, 2025.

Finding Details

Finding 2025-001
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Housing Voucher Cluster Assistance Listing Numbers: 14.871/14.879 Federal Award Identification Number and Year: SC911VO - 2025 Award Period: July 1, 2024 – June 30, 2025 Compliance Requirement: Special Tests and Provisions – Housing Quality Standards (HQS) Inspections Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The South Carolina State Housing Finance and Development Authority (the Authority) must inspect a unit leased to a family at least annually to determine if the unit meets HQS (24 CFR sections 982.405(a) and 982.405(b)). Condition: The Authority did not perform HQS inspections in accordance with program compliance requirements. Questioned costs: Unable to determine. Context: A sample of 60 units found that 1 unit was not inspected timely. Cause: HQS inspections were not completed within the required timeframe for 1 unit. Effect: The Authority is not in compliance with HQS inspection requirements. Repeat Finding: Yes, see finding 2024-002. Recommendation: We recommend the Authority implements controls to ensure that required HQS inspections are completed timely. Views of responsible officials: There is no disagreement with the audit finding.