FAC Explorer

Finding 1163471 (2025-001)

Material Weakness Repeat Finding
Requirement
I
Questioned Costs
-
Year
2025
Accepted
2025-12-04
Audit: 373083
Organization: Oak Springs Villas, Inc. (TX)
Auditor: MADDOX & ASSOCIATES APC

AI Summary

  • Answer: The property received an unsatisfactory score on its management occupancy review.
  • Trend: This indicates potential ongoing issues with property management practices.
  • List: Follow up by reviewing management procedures and addressing any identified deficiencies.

Finding Text

THE PROPERTY RECEIVED A SCORE OF UNSATISFACTORY ON ITS MANAGEMENT OCCUPANCY REVIEW CONDUCTED ON SEPTEMBER 27, 2024.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT HAS SUBMITTED ALL CORRECTIONS AND HAS RECEIVED THE CLOSE OUT LETTER FROM HUD.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1163472 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $3.57M