Finding 2024-001 Department of the Treasury Federal Agency Name: Department of the Treasury Federal Financial Assistance Listing/CFDA #21.027 Program Name: Coronavirus State and Local Relief Funds, Workforce Housing Finding Summary: During testing of 3 subrecipients for the Workforce Housing program, there was one instance where the required documentation indicating the approved subrecipient is not on the debarred listing was not retained. Responsible Individuals: Cory Phelps, VP Project Finance Corrective Action Plan: IHFA has updated its WFH checklist (as of October 2, 2024) to include OFAC checks needing to be printed to the file. Although this was being done in practice, the checklist did not previously reflect or list this as an individual step. IHFA employees involved in WFH have received the updated checklist and have received training to clarify when OFAC and debarment checks need to be completed. Before funds of WFH are dispersed, a second reviewer will verify that all required documentation was printed to the WFH folder and will initial the checklist.