Finding 1226479 (2025-005)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2025
Accepted
2026-08-13
Audit: 409109
Auditor: COHNREZNICK LLP

AI Summary

  • Core Issue: The property owner failed to provide a complete list of HOME units, hindering compliance testing.
  • Impacted Requirements: Compliance with 24 CFR Part 92 regulations regarding the number and type of HOME units was not maintained.
  • Recommended Follow-Up: Management should ensure the property management company tracks and reports all HOME units and compliance accurately.

Finding Text

Finding No. 2025-005 - Uniform Guidance Compliance Requirement Code: E-Eligibility - Material Weakness HUD HOME Investment Partnerships Program Federal Assistance Listing Number #14.239 HOME Investment Partnership Program Entity Identifying Number Initial Year Findinginstances Passed-through State of Washington: Addy Street - HUD Passed-through Clark County: Addy Street - HUD 09-47104-001 2009 2008-HOME-08H15 2008 Total instances 1 Criteria Each owner must comply with the requirements set forth in 24 CFR Part 92 regulations as outlined in the "Compliance in HOME Rental Projects: A Guide for Property Owners" published by HUD which requires the property to maintain the contracted number of HOME units as well as the designated splits in bedroom size and High Home/Low Home unit ratios. Condition The owner was unable to provide a listing that detailed the units that are available to and/or rented to HOME qualified tenants that specifies the contracted number and type of HOME units and therefore we were unable to test the HOME program compliance for the audit year. Cause Management did not ensure that the property management company was tracking HOME units and HOME compliance. Effect or Potential Effect The procedures for determining and maintaining the correct HOME units within the property were not applied. This could result in ineligible tenants occupying HOME designated units. Questioned Costs: Not applicable. Context In connection with the procedures applied to our HOME program testing, for one of the three properties tested management was unable to provide a listing for us to be able to test that they met the contracted HOME units size portfolio. For the State of Washington contract there should be 20 Low HOME units and for the Clark County contract there should be 3 High HOME and 1 Low HOME for a total of 24 HOME units amongst various number of bedroom sized units. Repeat Finding: Yes - Finding 2024-005 Recommendation Management should ensure and monitor that the 3rd party property management company is able to establish reports showing all HOME units, HOME unit types and that compliance is being met on all HOME units. Views of Responsible Officials Once REACH Asset Management Team was notified of this audit finding, our Asset Management team communicated this finding to Ad-West. They would set up a new process to ensure the reporting of HOME units, HOME unit types, and compliance would be met on all HOME units.

Corrective Action Plan

Once REACH Asset Management Team was notified of this audit finding, our Asset Management team communicated this finding to Ad-West. They would set up a new process to ensure the reporting of HOME units, HOME unit types, and compliance would be met on all HOME units.

Categories

Eligibility Questioned Costs HUD Housing Programs Material Weakness Reporting

Other Findings in this Audit

  • 1226476 2025-002
    Material Weakness Repeat
  • 1226477 2025-003
    Material Weakness Repeat
  • 1226478 2025-004
    Material Weakness Repeat
  • 1226480 2025-001
    Material Weakness Repeat
  • 1226481 2025-006
    Material Weakness Repeat
  • 1226482 2025-007
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $1.76M
14.275 HOUSING TRUST FUND $1.13M
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $801,890
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $683,229
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $492,426
99.999 Low Income Housing Preservation and Resident Homeownership Act of 1990 - Capital Grant $444,763
14.241 HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS $225,000
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $197,413
21.000 NeighborWorks America $77,629