Finding Text
Finding Type Immaterial noncompliance with major program requirements
Title and Assistance Listing Number of Federal Program 14.157 Supportive Housing for the Elderly (Section 202) Capital Advance and Project Rental Assistance Contract
Finding Resolution Status Resolved
Information on Universe and Population Size The Corporation was subject to one Management and Occupancy Review (MOR) on April 4, 2024.
Sample Size Information N/A Not determined via a sampling method
Identification of Repeat Finding and Finding Reference Number N/A Not a repeat finding
Criteria The HUD regulatory agreement requires the property to ensure that housing programs are administered as intended.
Statement of Condition On April 4, 2024, the Corporation had a Management and Occupancy Review (MOR) physical inspection at the property and received a rating of 60.
Cause There are several compliance items surrounding eligibility that need to be completed in order for the Corporation to be in compliance with the requirements of the regulatory agreement.
Effect or Potential Effect As the inpection resulted in a below average score of 60, the Corporation was in violation of its regulatory agreement with HUD.
Auditor Noncompliance Code Z Other
Reporting Views of Responsible Officials The Corporation agrees with the finding as reported.
Context During testing for compliance with the HUD Regulatory Agreement, one instance of below average score of 60 for the MOR was noted.
Recommendation All required applicable multifamily project guidelines should be followed in accordance with the regulatory agreement.
Auditor's Summary of the Auditee's Comments on the Findings and Recommendations The Corporation should implement procedures to ensure the property is following eligibility guidelines to remain in compliance with the regulatory agreement with HUD. All issues identified in the MOR inspection report should be addressed prior to the next inspection.
Response Indicator Agree
Completion Date June 2024
Response Management acknowledges noncompliance in the current fiscal year and has addressed all of the compliance issues and all other findings identified during the MOR inspection by June 2024.