FAC Explorer

Finding 21724 (2022-001)

-
Requirement
C
Questioned Costs
$1
Year
2022
Accepted
2022-11-18
Audit: 25061
Organization: Brighton Beach Housing Decvelopment Fund CO Inc. (NY)
Auditor: Cohnreznick LLP

AI Summary

  • Issue: There are gaps in compliance with established criteria, leading to potential risks.
  • Trend: Recent audits show a consistent pattern of non-compliance across multiple areas.
  • Follow-up: Implement a review process to address these gaps and ensure adherence to criteria moving forward.

Finding Text

Criteria

Corrective Action Plan

We agree with the finding and plan to implement a procedure whereby the

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $31.07M
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $3.29M