Finding 1078704 (2024-003)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-10-10
Audit: 324375
Organization: Cathedral Towers, INC (GA)

AI Summary

  • Core Issue: Six tenant applications lacked the required date and time received stamps or signatures.
  • Impacted Requirements: HUD Handbook 4350.3 mandates that all applications must show the date and time received.
  • Recommended Follow-Up: Cathedral Towers should enhance procedures to ensure all applications are properly documented moving forward.

Finding Text

Finding Number 2024-3 Condition: Cathedral Towers did not indicate the date and time received on six applications. Criteria: Per HUD Handbook 4350.3, the project owner must indicate on the application the date and time received, either by using a date and time stamp or by writing and initialing the date and time received. Cause: Applications are generally stamped with the date and time received and signed by a representative of Cathedral Towers, Inc. Six stamps or signatures were not appropriately identified in tenant files reviewed during compliance testing. Effect: Six tenant applications did not include evidence of the date and time received. Amount in Questioned Cost: $0 Recommendation: Cathedral Towers should review the procedures in place to ensure tenant application files include evidence of the date and time received. Auditee’s Response: Cathedral Towers agreed with the finding and will review the application process to ensure the required steps are performed and documented.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.72M
14.157 Supportive Housing for the Elderly $1.41M