Answer: A new policy for Income Verification and Maintenance of Tenant Files is being created by the Finance Director.
Trend: This policy will align with Federal Funding guidelines, ensuring compliance and proper management.
List: The policy will need Board of Directors' approval before implementation.
Finding Text
Finance Director will develop a policy for Income Verification and Maintenance of Tenant Files and will be approved by the Board of Directors. The Income Verification and Maintenance of Tenant Files Policy will reflect Federal Funding guidelines.
Corrective Action Plan
Finding Two: 2025-002 Material Weakness in Internal Control; Material Noncompliance, Eligibility