Finding Text
Condition: In processing the rental subsidy requests, the old rents were used instead of the correct rents; Criteria: the HUD occupancy handbook requires the tenant subsidy to be based on the gross rent allowed; Effect: the rental subsidy requests were deficient by $71,833; Cause: Management used the old approved rent and not the current approved rent in effect. Recommendation: Management should submit a retroactive subsidy request to correct the deficient rental subsidies. Management comment: Management will submit a retroactive subsidy request.