Finding 1078893 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-10

Audit: 324470

Organization: South Texas Voa Elderly Housing, Inc. (country Village Square) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Issue: The project failed to offset the monthly Section 8 Housing Assistance Payments.
Trend: This oversight could lead to financial discrepancies and affect budgeting accuracy.
Follow-up: Review payment processes and implement checks to ensure offsets are applied correctly moving forward.

The project did not offset the monthly Section 8 Housing Assistance Payments.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$2.10M
14.195	Section 8 Housing Assistance Payments Program	$355,828