Finding Text
S3800-010 Finding Reference Number 2025-1 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 May 20, 2025, the property had a National Standards for the Physical Inspection of Real Estate physical inspection and received a score of 42. S3800-035 Auditor Non-Compliance Code I - Failure to maintain property open physical inspections. S3800-037 FHA/Contract Number 046-EE065 S3800-038 Questioned Costs None S3800-050 Context During the year ended December 31, 2025, the property had a National Standards for the Physical Inspection of Real Estate physical inspection physical inspection. 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 National Standards for the Physical Inspection physical inspection and the Regulatory Agreement and routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.