Finding 1138015 (2024-001)

-
Requirement
P
Questioned Costs
$1
Year
2024
Accepted
2025-05-27

AI Summary

  • Core Issue: Miscalculation of total tenant payment due to overstated income from assets.
  • Impacted Requirements: HUD criteria for tenant eligibility and payment calculations were not met.
  • Recommended Follow-Up: Ensure property management accurately calculates all income sources and deductions for tenant payments.

Finding Text

Statement of Condition: We reviewed 5 files (recertification, initial certification, and move-out files) for the year ended December 31, 2024. The selected files represent a sample of all files in the program. Criteria: HUD requires that certain criteria be met when determining tenant eligibility, selecting applicants from waiting list, and calculating total tenant payments. Effect: We noticed an instance in which the total tenant payment was miscalculated. Income imputed from assets was overstated. Total tenant income was overstated by $8. Cause: Property management did not properly calculate imputed income from assets when determining total tenant income. Recommendation: Property management should calculate all sources of income/allowed deductions when calculating total tenant payment.

Categories

Questioned Costs Eligibility HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.12M
14.195 Project-Based Rental Assistance (pbra) $162,666