Finding Text
2024-001 – HUD CAPITAL FUND PROGRAM (CFDA #14.872) REPORTING Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Agency: U.S. Department of Housing and Urban Development Compliance Requirement: Reporting Criteria: Per 24 CFR 905.324 – Data Reporting Requirements, PHAs must submit required Capital Fund Program data in the format prescribed by HUD, including: • Annual Statement / Performance and Evaluation Report (Form HUD 50075.1) – submitted for each open Capital Fund grant to identify planned work activities, budgets, and quantities, and updated at least annually to reflect progress and any reprogramming. • Actual Modernization Cost Certificate (Form HUD 53001) – submitted at the closeout of each Capital Fund grant to certify the final actual costs for all work items, in accordance with the HUD grant agreement and Capital Fund closeout procedures. These forms must be current, accurate, HUD approved, and submitted via the Energy and Performance Information Center (EPIC) before the obligation, expenditure, or closeout of funds. Condition: The 2021 Capital Fund Program grant was completed, but the PHA did not submit Form HUD 53001 to HUD to close out the grant. Additionally, for the 2022, 2023, and 2024 Capital Fund Program grants, the PHA did not prepare or update Form HUD 50075.1 in EPIC to reflect actual progress and expenditures. Cause: Staff turnover and lack of familiarity with EPIC reporting deadlines contributed to the oversight. Effect: The PHA is out of compliance with HUD Capital Fund Program reporting requirements. Repeat Finding: No Recommendation: We recommend the PHA immediately complete and submit HUD 53001 for the 2021 grant to HUD for closeout. Additionally, the PHA should prepare and submit HUD 50075.1 for the 2022, 2023, and 2024 grants, ensuring they reflect actual expenditures and progress.