Finding 1076715 (2023-003)

Finding reference number: #2023-003 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 #2023-003 (CFDA No. 14.134): The Corporation did not complete an affirmative fair housing marketing plan (HUD Form 935.2A) for the new management agent effective beginning September 1, 2023. Criteria: HUD Handbook 8025.1 requires the Corporation to have an affirmative fair housing marketing plan (HUD Form 935.2A). Effect or potential effect: The Corporation is not in compliance with HUD Handbook 8025.1. Cause: The Corporation has not completed an affirmative fair housing marketing plan. Recommendation: The affirmative fair housing marketing plan should be completed for the period beginning September 1, 2023 and submitted to HUD for approval. Completion date: Outstanding Reporting response: The Corporation concurs with the recommendation and will complete the affirmative fair housing marketing plan and submit to HUD for approval.