FAC Explorer

Finding 36942 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-06-21
Audit: 34898
Organization: Opendoors Housing LLC (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: The management agreement for Section 8 Rental Assistance expired in April 2022, violating HUD regulations.
  • Trend: This lapse indicates a need for improved management oversight to prevent future expirations.
  • Follow-up: Ensure the renewed agreement is monitored to remain compliant and avoid similar issues.

Finding Text

Finding 2022-001: Federal program - Section 8 Rental Assistance: Criteria - HUD regulations require there be a valid management agreement in force at all times; Condition - the management agreement expired April 2022; Cause - management oversight; Recommendation - management should renew the management agreement. Response: Subsequent to year end management renewed the management agreement effective July 2022.

Corrective Action Plan

August 26, 2022 D?Ambra CPA 531 Harris Avenue Woonsocket, RI 02895 RE: Corrective Action Plan: Open Doors Finding 2022-001: Federal program - Section 8 Rental Assistance: Criteria - HUD regulations require there be a valid management agreement in force at all times; Condition - the management agreement expired April 2022; Cause - management oversight; Recommendation -management should renew the management agreement. Response: Subsequent to year end management renewed the management agreement effective July 2022. Corrective Action Plan: Management will ensure that a valid management agreement is in place at all times. Responsible party: Frank Shea

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.265 Rural Capacity Building for Community Development and Affordable Housing Grants $850,000
14.239 Home Investment Partnerships Program $500,000
14.195 Section 8 Housing Assistance Payments Program $148,921