FAC Explorer

Finding 1182808 (2025-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-03-25
Audit: 394206
Organization: Geneva General Housing Development Fund Company, Inc. (NY)
Auditor: BONADIO & CO LLP

AI Summary

  • Core Issue: North Street Apartments failed to conduct required annual inspections of rental units.
  • Impacted Requirements: Compliance with HUD Handbook guidelines for unit inspections was not met.
  • Recommended Follow-Up: Ensure unit inspections are resumed and properly documented in tenant files.

Finding Text

Finding 2025-001: Mortgage Insurance - Rental Housing (Section 207), Federal Assistance Listing Number 14.134 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Questioned costs: None. The finding relates solely to noncompliance with required inspections; no costs were affected Context: We reviewed 5 tenant files for documentation of unit inspections. Cause: North Street Apartments did not ensure unit inspections were performed during the year. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that North Street Apartments resume unit inspections and ensure those inspections are properly documented in the tenant files. Views of management and planned corrective action: North Street Apartments has resumed unit inspections and will ensure those inspections are properly documented in the tenant files.

Corrective Action Plan

Audit period: January 1, 2025 – December 31, 2025 The finding from the 2025 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. FINDINGS – FINANCIAL STATEMENT AUDIT None FINDINGS – FEDERAL AWARD PROGRAM AUDIT Finding 2025-001: Mortgage Insurance - Rental Housing (Section 207), Federal Assistance Listing Number 14.134 Recommendation: Our auditors recommended that we resume unit inspections and ensure those inspections are properly documented in the tenant files. Action Taken: We are currently in the process of completing and documenting unit inspections. Name of Contact Person Responsible for Corrective Action: John Lutz, VPF, (315) 424-1821. Anticipated Completion Date: April 2026

Categories

HUD Housing Programs

Programs in Audit

ALN Program Name Expenditures
14.134 MORTGAGE INSURANCE_RENTAL HOUSING $1.64M
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $422,929