Finding Text
2022-001 (CFDA NO. 14.195) ? Management and Occupancy Review (MOR) Statement of Condition Pennsylvania Multifamily Asset Managers (PMAM) conducted a Management and Occupancy Review (MOR) on October 19, 2020. Their report, dated November 16, 2020, reflected a below average rating related to Leasing and Occupancy, as well as General Management Practices. However, the report did, in fact, give a satisfactory rating related to physical building inspection. Criteria The Housing Assistance Payments (HAP) Contract requires compliance regarding the physical building and tenant files to be in accordance with that contract. Effect Failure to comply with the Regulatory Agreement and HAP Contract is a violation of HUD regulations. Cause The property has had a high turnover rate with onsite managers, making it more difficult to establish and strengthen effective policies and procedures related to tenant file maintenance. Recommendation Management must perform the corrective actions as required by the MOR by the target completion dates. Management/Owner Response The Board and Management agree with the finding and is taking action to correct the findings and to implement the recommendations. All other corrective actions will be performed and completed by onsite management personnel during the current year.