FAC Explorer

Finding 1165244 (2025-001)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2025
Accepted
2025-12-17
Audit: 375695
Organization: Northwestern Retirement Housing, Inc. (CA)
Auditor: MADDOX & ASSOCIATES APC

AI Summary

  • Issue: The project failed to offset the monthly Section 8 Housing Assistance Payments.
  • Trend: This oversight could lead to financial discrepancies and impact budgeting accuracy.
  • Follow-up: Review processes to ensure proper offsetting of payments moving forward.

Finding Text

The project did not offset the monthly Section 8 Housing Assistance Payments.

Corrective Action Plan

Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1165245 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $2.97M
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $333,138