FAC Explorer

Finding 392734 (2023-002)

- Repeat Finding
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-04-09
Audit: 303016
Organization: St. Tammany Manor, Inc. (rouquette Lodge Apts.) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: The project failed to offset the monthly Section 8 Housing Assistance Payments.
  • Trend: This oversight could lead to financial discrepancies and affect budgeting accuracy.
  • Follow-up: Review payment processes and implement checks to ensure offsets are applied correctly moving forward.

Finding Text

The project did not offset the monthly Section 8 Housing Assistance Payments.

Corrective Action Plan

Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests.

Categories

HUD Housing Programs

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 $5.51M
14.195 Section 8 Housing Assistance Payments Program $1.05M