FAC Explorer

Audit 401007

FY End
2025-12-31
Total Expended
$2.69M
Findings
1
Programs
3
Organization: Ucr of Covington Tn D/b/a Fox Hollow Com 081-11045 (OH)
Year: 2025 Accepted: 2026-05-11
Auditor: PLANTE & MORAN PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1214334 2025-001 Material Weakness Yes M

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $2.32M Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $334,421 Yes 0
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $29,890 Yes 0

Contacts

Name Title Type
LMANPK28KM85 Julie Reed Auditee
7403824885 Jason Rees Auditor
No contacts on file

Notes to SEFA

MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 2298339.

Finding Details

Finding 2025-001
Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Management will monitor security deposit refunds in order to ensure refunds meet the regulatory agreement requirements.