Finding 1164421 (2024-005)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2025-12-10
Audit: 373851
Auditor: COHNREZNICK LLP

AI Summary

  • Core Issue: The property owner failed to provide a complete list of HOME units, hindering compliance testing.
  • Impacted Requirements: Compliance with 24 CFR Part 92 regulations regarding the number and type of HOME units was not maintained.
  • Recommended Follow-Up: Management must ensure the property management company tracks and reports all HOME units and compliance status effectively.

Finding Text

Finding No. 2024-005 - Uniform Guidance Compliance Requirement Code: E-Eligibility – Material Weakness HUD HOME Investment Partnerships Program Federal Assistance Listing Number #14.239 HOME Investment Partnership Program Entity Identifying Number Initial Year Finding instances Passed-through State of Washington: Addy Street - HUD 09-47104-001 2009 Passed-through Clark County: Addy Street - HUD 2008-HOME-08H15 2008 Total instances 1 Criteria Each owner must comply with the requirements set forth in 24 CFR Part 92 regulations as outlined in the "Compliance in HOME Rental Projects: A Guide for Property Owners" published by HUD which requires the property to maintain the contracted number of HOME units as well as the designated splits in bedroom size and High Home/Low Home unit ratios. Condition The owner was unable to provide a listing that detailed the available to HOME tenants the contracted number and type of HOME units and therefore we were unable to test the HOME program compliance for the audit year. Cause Management did not ensure that the new property management company retained in 2024 was tracking HOME units and HOME compliance. Effect or Potential Effect The procedures for determining and maintaining the correct HOME units within the property were not applied. This could result in ineligible tenants occupying HOME designated units. Questioned Costs: Not applicable. Context In connection with the procedures applied to our HOME program testing, one of the five properties tested did not provide a listing for us to be able to test that they meet the contracted HOME units size portfolio (for the State of Washington contract there should be 20 Low HOME units and for the Clark County contract there should be 3 High HOME and 1 Low HOME for a total of 24 HOME units amongst various number of bedroom sized units). Repeat Finding: No Recommendation Management should ensure and monitor that 3rd party property management company is able to establish reports showing all HOME units, HOME unit types and that compliance is being met on all HOME units. Views of Responsible Officials ________________OPEN FOR REACH REPLY

Corrective Action Plan

Finding No. 2024-005 HUD HOME Investment Partnerships Program Federal Assistance Listing Number #14.239 Statement of Condition The owner was unable to provide a listing that detailed the available to HOME tenants the contracted number and type of HOME units and therefore we were unable to test the HOME program compliance for the audit year. Corrective Action Plan REACH utilizes a 3rd party property management company to manage the two properties located in Washougal, Washington. Management is setting up a new process to ensure that the 3rd party property management company can provide all required information.

Categories

Eligibility HUD Housing Programs Material Weakness

Other Findings in this Audit

  • 1164417 2024-001
    Material Weakness Repeat
  • 1164418 2024-002
    Material Weakness Repeat
  • 1164419 2024-003
    Material Weakness Repeat
  • 1164420 2024-004
    Material Weakness Repeat
  • 1164422 2024-006
    Material Weakness Repeat
  • 1164423 2024-007
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $1.76M
14.275 HOUSING TRUST FUND $1.63M
99.999 LOW INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP ACT OF 1990-CAPITAL GRANT $964,955
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $597,560
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $510,266
21.000 SECTION 607(e ) OF THE NEIGHBORHOOD REINVESTMENT CORPORATION ACT, AS AMENDED $418,750
14.241 HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS $380,000
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $221,798