Finding 1080329 (2024-005)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-10-28

AI Summary

  • Core Issue: The property lacks a current Affirmative Fair Housing Marketing Plan, which is required to be updated every 5 years.
  • Impacted Requirements: Compliance with HUD Handbook 4530.3 is necessary to avoid risks in marketing and leasing activities.
  • Recommended Follow-Up: Ensure the Affirmative Fair Housing Marketing Plan is maintained and updated as required; management has submitted a new plan effective September 9, 2024.

Finding Text

Criteria The property does not have a current Affirmative Fair Housing Marketing Plan. Condition In accordance with HUD Handbook 4530.3, Occupancy Requirements of Subsidized Multifamily Housing Programs, management must review and update the Affirmative Fair Housing Marketing Plan at least every 5 years. Cause Procedures were not in place to ensure proper documentation was maintained upon the change of management. Effect or Potential Effect Absent these written documents, the Project could open itself up to mistakes in marketing and leasing activity that could put their PRAC contract at risk upon renewal. Questioned Costs N/A Identification as a Repeat Finding This finding is not a repeat finding. Recommendation Management should maintain an Affirmative Fair Housing Marketing Plan and update it every 5 years. Auditor Noncompliance Code: Z - Other View of Responsible Officials Management agrees with the finding and is working with ownership on reimbursements to the property. Management has submitted their Affirmative Fair Housing Marketing Plan with an effective date of September 9, 2024. Finding Resolution Status: Resolved

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 503878 2024-001
    Material Weakness
  • 503879 2024-001
    Material Weakness
  • 503880 2024-002
    Material Weakness
  • 503881 2024-002
    Material Weakness
  • 503882 2024-003
    Material Weakness
  • 503883 2024-003
    Material Weakness
  • 503884 2024-004
    Material Weakness
  • 503885 2024-004
    Material Weakness
  • 503886 2024-005
    Material Weakness
  • 503887 2024-005
    Material Weakness
  • 1080320 2024-001
    Material Weakness
  • 1080321 2024-001
    Material Weakness
  • 1080322 2024-002
    Material Weakness
  • 1080323 2024-002
    Material Weakness
  • 1080324 2024-003
    Material Weakness
  • 1080325 2024-003
    Material Weakness
  • 1080326 2024-004
    Material Weakness
  • 1080327 2024-004
    Material Weakness
  • 1080328 2024-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $6.20M
14.157 Supportive Housing for the Elderly ("prac") $381,660