Finding 37423 (2022-001)

-
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2023-01-05

AI Summary

  • Core Issue: One tenant's form HUD-50059 was missing, violating HUD requirements.
  • Impacted Requirements: All tenant files must include a signed form HUD-50059 to comply with HUD regulations.
  • Recommended Follow-Up: Implement training for staff on documentation procedures and conduct regular file reviews for accuracy.

Finding Text

FINDING No. 2022-001: Section 207/223(f) Mortgage Insurance for the Refinancing of Existing Multifamily Housing Projects, CFDA 14.155 Finding Resolution Status: Resolved. Information on Universe Population Size: One hundred twenty-one tenants. Sample Size Information: Twenty tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD requires that Project maintain the signed form HUD-50059 for all tenants. Statement of Condition: The form HUD-50059 was missing for one tenant. Cause: The form HUD-50059 was not maintained in the tenant file. Effect or Potential Effect: Tenant files were not maintained in adherence to HUD requirements. Auditor Non-Compliance Code: R ? Section 8 Program Administration Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor?s recommendations have been adopted. Recommendation: The Project should implement procedures to ensure all tenant documentation is properly completed and maintained. Response Indicator: Agree. Completion Date: 07/21/2022 Response: Training will be conducted with on-site staff on file requirements and procedures. Going forward Compliance will be reviewing random files for accuracy to prevent future file findings.

Corrective Action Plan

Oversight Agency for Audit, North Dade Senior Citizens Housing Development Corporation, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2022. Name and address of independent public accounting firm: Bellows Associates, P.A., 5401 N University Drive, Suite 201, Coral Springs, Florida 33067. Audit period: July 1, 2021 through June 30, 2022 The finding from the June 30, 2022 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. SECTION III ? FINDINGS AND QUESTIONED COSTS ? MAJOR FEDERAL AWARD PROGRAMS AUDIT FINDING No. 2022-001: Section 207/223(f) Mortgage Insurance for the Refinancing of Existing Multifamily Housing Projects, CFDA 14.155 Recommendation: The Project should implement procedures to ensure all tenant documentation is properly completed and maintained. Action Taken: Training will be conducted with on-site staff on file requirements and procedures. Going forward Compliance will be reviewing random files for accuracy to prevent future file findings. If the audit Oversight Agency has questions regarding these plans, please call Christine Harris at 954-835-9200. Sincerely yours, Christine Harris Accounting Manager

Categories

HUD Housing Programs Reporting

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 $2.80M
14.195 Section 8 Housing Assistance Payments Program $964,517