Finding Text
2024-1 – Management and Occupancy Review (MOR) Statement of Condition The US Department of Housing and Urban Development conducted a Management and Occupancy Review (MOR) on June 26, 2024. Their report, dated July 19, 2024, reflected an Unsatisfactory rating related to Leasing and Occupancy and General Management Practices as well as a Below Average rating on Maintenance and Standard Operating Procedure. However, the report did give a satisfactory or above average rating related to the other areas covered in the report. Criteria The Housing Assistance Payments (HAP) Contract requires compliance regarding the physical building and tenant files to be in accordance with the contract requirements. Effect Failure to comply with the Regulatory Agreement and the HAP contract is a violation of HUD regulations. Cause The property was in the process of transitioning the management over to a new management agent, making it more difficult to maintain effective policies and procedures related to the tenant files and recertifications. Recommendation Management must perform the corrective actions as required by the MOR by the target completion date. Management/Owner Response The Board agrees with the findings is taking action to correct the findings and implement the recommendations.