Finding Text
Statement of Condition
During our testing, we noted that VSS internal controls surrounding fair market rent did not comply with the program requirements. Specifically, in our examination of the special provision for fair market rent, we noted that VSS’s assessment of the fair market rent for one unit was based on higher square footage than the apartment which was actually rented. Additionally, we noted that for two units, the certification was not completed properly. Finally, the rent for one unit was higher than the documented applicable Payment Standard without an explanation.