Finding 1080359 (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 five years.
  • Impacted Requirements: Failure to maintain this plan can lead to marketing and leasing errors, risking the PRAC contract during renewal.
  • Recommended Follow-up: Ensure the Affirmative Fair Housing Marketing Plan is updated regularly and maintain proper documentation during management transitions.

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 five 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 is not a repeat finding. Recommendation Management should maintain an Affirmative Fair Housing Marketing Plan and update it every five years. Auditor Noncompliance Code: Z. Other Views 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 26, 2024. Finding Resolution Status: Resolved.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 503908 2024-001
    Material Weakness
  • 503909 2024-001
    Material Weakness
  • 503910 2024-002
    Material Weakness
  • 503911 2024-002
    Material Weakness
  • 503912 2024-003
    Material Weakness
  • 503913 2024-003
    Material Weakness
  • 503914 2024-004
    Material Weakness
  • 503915 2024-004
    Material Weakness
  • 503916 2024-005
    Material Weakness
  • 503917 2024-005
    Material Weakness
  • 503918 2024-006
    Material Weakness
  • 503919 2024-006
    Material Weakness
  • 1080350 2024-001
    Material Weakness
  • 1080351 2024-001
    Material Weakness
  • 1080352 2024-002
    Material Weakness
  • 1080353 2024-002
    Material Weakness
  • 1080354 2024-003
    Material Weakness
  • 1080355 2024-003
    Material Weakness
  • 1080356 2024-004
    Material Weakness
  • 1080357 2024-004
    Material Weakness
  • 1080358 2024-005
    Material Weakness
  • 1080360 2024-006
    Material Weakness
  • 1080361 2024-006
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $6.05M
14.157 Supportive Housing for the Elderly ("prac") $367,800