Finding 1076714 (2023-002)

Finding reference number: #2023-002 CFDA title and number (federal award identification number and year): Mortgage Insurance for Rental Housing, CFDA No. 14.134 (Project identification number 073-35311, 2007) Auditor non-compliance code: Z - Other Finding resolution status: Outstanding Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size is not applicable to the finding. Statistically valid sample: Not applicable Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable Questioned costs: $-0- Statement of condition of #2023-002 (CFDA No. 14.134): The Agent did not complete a management entity profile (HUD Form 9832) upon the change in management agents effective beginning September 1, 2023. Criteria: HUD Handbook 4381.5 requires the Agent to have a management entity profile (HUD Form 9832). Effect or potential effect: The Agent is not in compliance with HUD Handbook 4381.5. Cause: The Agent has not completed a management entity profile. Recommendation: The management entity profile should be completed for the period beginning September 1, 2023. Completion date: Outstanding Reporting response: The Agent concurs with the recommendation and will complete the management entity profile.