Supportive Housing for Persons with Disabilities (Assistance Listing No. 14.181) The balance of the HUD Section 811 capital advance at December 31, 2025 is $941,100.
Assistance Listing (Federal award identification number and year): Supportive Housing for Persons with Disabilities (Assistance Listing No. 14.181, 2025) Auditor non-compliance code: N – Reserve for Replacements Deposits Finding resolution status: Unresolved Universe population size: 12 months of deposits to the reserve for replacement Sample size information: 12 months of deposits to the reserve for replacement Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $2,080 Statement of condition #2025-001: During the year ended December 31, 2025, the Corporation did not make the HUD required number of deposits to the reserve for replacements. Criteria: Pursuant to item 10(b) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $2,080 at December 31, 2025. Cause: Management oversight. Recommendation: Management should transfer $2,080 from the operating account to the reserve for replacements account. Management's response: Management concurs with the finding and recommendation. Management deposited $2,080 to the reserve for replacements account on March 24, 2026. No further action is required.