Finding 1077630 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-01

Audit: 323437

Organization: Oakridge Townhouses, Inc. (LA)

Auditor: Maddox & Associates Apc

AI Summary

Issue: There has been a consistent failure to make mortgage payments on time.
Trend: This issue appears to be increasing, indicating a potential risk to financial stability.
Follow-up: Review payment schedules and implement a plan to address missed payments promptly.

FAILURE TO MAKE MORTGAGE PAYMENTS.

ALN	Program Name	Expenditures
10.415	Rural Rental Housing Loans	$807,705
10.427	Rural Rental Assistance Payments	$310,125