Finding 1062174 (2023-001)

Significant Deficiency Repeat Finding
Requirement
E
Questioned Costs
-
Year
2023
Accepted
2024-09-05

AI Summary

  • Core Issue: The U.S. Department of the Treasury's Homeowner’s Assistance Fund lacks adequate internal controls, leading to incomplete documentation in eligibility reviews.
  • Impacted Requirements: The program failed to ensure all required documents, such as IRS form 4506-C, were collected, risking assistance to ineligible participants.
  • Recommended Follow-Up: The Agency should improve documentation collection processes, update policies accordingly, and ensure all staff are trained on these changes.

Finding Text

Federal Agency: U.S. Department of the Treasury Federal Program Name: Homeowner’s Assistance Fund Assistance Listing Number: 21.026 Federal Award Identification Number and Year: HAF0019 – 2023 Pass-Through Agency: State of New Jersey Pass-Through Number(s): 21-6000928 Award Period: January 1, 2023 – December 31, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or specific requirement: The HAF Guidance documents the full eligibility considerations for HAF participants to extend financial assistance to vulnerable populations without imposing undue documentation burdens. HAF participants must require all applications for assistance to include an attestation from the applicant homeowner that all information included is correct and complete. In addition, HAF participants are expected to have policies and procedures to determine homeowner eligibility in the following criteria: Financial Hardship: HAF participants may rely on homeowners' attestations that they experienced financial hardship after January 21, 2020 (including a hardship that began before January 21, 2020, but continued after that date). The attestation must describe the nature of the financial hardship (for example, job loss, reduction in income, or increased costs due to healthcare or the need to care for a family member). Criteria or specific requirement (Continued): Income: HAF participants may take one of two approaches to income verification: (1) the homeowner may provide a written attestation as to household income together with supporting documentation such as paystubs, W2s or other wage statements, IRS Form 1099s, tax filings, depository institution statements demonstrating regular income, or an attestation from an employer; or (2) the homeowner may provide a written attestation as to household income and the HAF participant may use a reasonable fact-specific proxy for household income, such as reliance on data regarding average incomes in the household’s geographic area. To be eligible for HAF assistance, the homeowner must have income equal to or less than 150 percent of the area median income or 100 percent of the median income for the United States, whichever is greater. Condition: During testing of 40 eligibility files, the Agency did not have adequate internal controls in place to ensure all documents were obtained as part of the Agency’s review of applications in determining the eligibility of program participants. Questioned costs: None Context: 40 Files were selected from a population of over 250 participants. Exceptions noted in 2 out of 40 instances. - 2 cases in which the IRS form 4506-C was not provided as required by the Agency’s policy. Cause: Controls were not implemented to ensure all documents were obtained and reviewed during the application and acceptance process of a participant’s eligibility to obtain homeowner’s assistance funding. Effect: Potentially participants that are not eligible could receive federal monies. This could impact the Agency receiving monies for similar types of programs in the future. Repeat Finding: Yes, repeat finding of finding number 2022-001. Recommendation: The Agency should evaluate the steps they take to ensure that any required documentation not gathered from the program participant is followed-up on and obtained, prior to finalizing an application and providing housing assistance. Any changes in this methodology should be documented in the program policies and procedures and communicated to all employees who engage in the application process. Views of responsible officials: There is no disagreement with the audit finding.

Categories

Eligibility Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 485732 2023-001
    Significant Deficiency Repeat
  • 485733 2023-002
    Significant Deficiency
  • 1062175 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.000 Government National Mortgage Association Mortgage Backed Securities Loan Guarantee Program $678.89M
14.182 Section 8 New Construction and Substantial Rehabilitation $648.21M
21.026 Homeowner Assistance Fund $124.22M
21.027 Coronavirus State and Local Fiscal Recovery Funds $9.35M
14.103 Interest Reduction Payments_rental and Cooperative Housing for Lower Income Families $3.83M
14.269 Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr) $1.81M
21.000 National Foreclosure Mitigation Counseling $1.65M
14.325 Supportive Housing Program $549,519
14.326 Project Rental Assistance Demonstration (pra Demo) Program of Section 811 Supportive Housing for Persons with Disabilities $429,137
14.238 Shelter Plus Care $267,662
14.169 Housing Counseling Assistance Program $172,964