Finding 1208456 (2025-001)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2025
Accepted
2026-04-22
Audit: 399435
Organization: Victory Crest, Inc. (MD)
Auditor: COHNREZNICK LLP

AI Summary

  • Core Issue: 3 out of 10 tenant files did not use the Enterprise Income Verification (EIV) system on time, violating HUD guidelines.
  • Impacted Requirements: Tenant eligibility determination and lease file maintenance must comply with HUD Handbook 4350.3.
  • Recommended Follow-up: Management should implement and monitor procedures to ensure compliance with HUD requirements for tenant eligibility and lease file maintenance.

Finding Text

Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Condition In connection with lease file testing, we noted 3 out of 10 tenant files did not utilize the Enterprise Income Verification (EIV) system timely. Cause The Project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility in accordance with HUD guidelines. Effect or Potential Effect The procedures for determining eligibility and maintaining tenant lease files were not consistently applied in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Questioned Costs None Context A sample of 10 tenant files from a population of 58 were selected. We identified exceptions in 3 out of the 10 files tested. The sample is not a statistically valid sample. Identification as a Repeat Finding This finding is not a repeat finding. Recommendation Management should establish procedures and monitor compliance with those procedures to ensure that tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: R - Section 8 program administration Finding Resolution Status: In-process Views of Responsible Officials Management has updated the policies and procedures and monitoring of EIV processes. All employees renew EIV training annually and are monitored by the compliance department to ensure compliance.

Corrective Action Plan

a. Comments on the Finding and Each Recommendation: Management agrees with the finding b. Action(s) Taken or Planned on the Finding Management has updated the policies and procedures and monitoring of EIV processes. All employees renew EIV training annually and are monitored by the compliance department to ensure compliance.

Categories

HUD Housing Programs Eligibility

Other Findings in this Audit

  • 1208455 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $7.01M
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $923,394