Finding Text
Statement of Condition: Requests for rent increases for FY 2024 were not submitted timely.
Criteria: HUD regulations require that a rent increase be requested at least 60 days prior to
date of requested increase.
Effect: Noncompliance with HUD regulations.
Cause: Due to employee turnover and transitions.
Context: During testing, it was noted that a rent increase effective for January 1, 2024 was
submitted on March 7, 2024.
Recommendation: Management should establish procedures to ensure that rent increase
requests to HUD be submitted timely.
Management’s Response and Corrective Action Plan: Management has since revised the Budget
Process, to include improved tracking and regular monthly update meetings with all relevant
departments to ensure timely submissions for rental increases and affiliated paperwork,
effective immediately.