Finding 1080371 (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, jeopardizing the PRAC contract upon renewal.
  • Recommended Follow-Up: Management should ensure the plan is updated regularly and maintain documentation to prevent future lapses.

Finding Text

Criteria 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. Condition The property does not have a current Affirmative Fair Housing Marketing Plan. 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 five years. Auditor Noncompliance Code: Z. Other Finding Resolution Status: Resolved. View of Responsible Officials Management has submitted their Affirmative Fair Housing Marketing Plan with an effective date of September 27, 2024.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 503920 2024-001
    Material Weakness
  • 503921 2024-001
    Material Weakness
  • 503922 2024-002
    Material Weakness
  • 503923 2024-002
    Material Weakness
  • 503924 2024-003
    Material Weakness
  • 503925 2024-003
    Material Weakness
  • 503926 2024-004
    Material Weakness
  • 503927 2024-004
    Material Weakness
  • 503928 2024-005
    Material Weakness
  • 503929 2024-005
    Material Weakness
  • 503930 2024-006
    Material Weakness
  • 503931 2024-006
    Material Weakness
  • 503932 2024-007
    Material Weakness
  • 503933 2024-007
    Material Weakness
  • 1080362 2024-001
    Material Weakness
  • 1080363 2024-001
    Material Weakness
  • 1080364 2024-002
    Material Weakness
  • 1080365 2024-002
    Material Weakness
  • 1080366 2024-003
    Material Weakness
  • 1080367 2024-003
    Material Weakness
  • 1080368 2024-004
    Material Weakness
  • 1080369 2024-004
    Material Weakness
  • 1080370 2024-005
    Material Weakness
  • 1080372 2024-006
    Material Weakness
  • 1080373 2024-006
    Material Weakness
  • 1080374 2024-007
    Material Weakness
  • 1080375 2024-007
    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") $508,080