Finding Text
S3800-010 Finding Reference Number: 2023-2 S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The HUD Regulatory Agreement requires the property to be in full compliance with all HUD Regulations. S3800-030 Statement of Condition On June 8, 2023, the property had a Management and Occupancy Review and received a below average score of 53.5. S3800-035 Auditor Non-Compliance Code Z - Other - Below Average MOR S3800-037 FHA/Contract Number 043-EE085 S3800-038 Questioned Costs None S3800-050 Context During the year ended December 31, 2023, the property had a Management and Occupancy Review. S3800-060 Effect Based on the results of the inspection, the Corporation was out of compliance with the Regulatory Agreement. S3800-070 Cause There are changes and corrections that need to be completed surrounding leasing and occupancy in order for the Corporation to be in compliance with the requirements of the Regulatory Agreement. S3800-080 Recommendation All required changes and corrections should be made in accordance with the Management and Occupancy Review and the Regulatory Agreement.