Finding Text
Finding 2026-002: Supportive Elderly Housing Section 202 Condition: During our review of the vacancy report and tenant rent roll, we noted that one unit, 232, remains vacant from the prior fiscal year through the current fiscal year. The unit has not been rented as of year-end. Criteria: Management is responsible for maintaining the property in a manner that promotes maximum occupancy and ensures that vacant units are made available for occupancy within a reasonable period of time, consistent with applicable program requirements and the property’s policies and procedures. Cause: Management did not provide adequate oversight of the vacant unit to ensure timely action was taken to re-rent the unit. Effect: The continued vacancy resulted in lost rental revenue and reduced occupancy at the property. Recommendation: Management should continue efforts to rent the vacant unit and evaluate the reason for the extended vacancy. Management should also monitor vacant units on a regular basis to ensure that appropriate actions are taken to maximize extended vacancies and the related loss of revenue. Views of Responsible Officials and Planned Corrective Actions: Corrective action will be implemented immediately with Management having a more thorough oversight over vacant units on an ongoing basis to minimize extended vacancies.