Finding Text
S3800-010 Finding Reference Number 2025-001 S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The Regulatory Agreement requires the property to be in full compliance with all HUD regulations. S3800-030 Statement of Condition On July 8, 2024, the property had a Real Estate Assessment Center physical inspection and received a score of 59. S3800-035 Auditor Non-Compliance Code I - Failure to maintain property S3800-037 FHA/Contract Number 046-11074 S3800-038 Questioned Costs $-0- S3800-050 Context The Corporation failed to maintain the property. S3800-060 Effect Based on the results of the inspection, the Corporation was out of compliance with the requirements of the Regulatory Agreement. S3800-070 Cause Management oversight. S3800-080 Recommendation All required changes and corrections should be made in accordance with the Real Estate Assessment Center physical inspection and the Regulatory Agreement. Routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.