FAC Explorer

Finding 403267 (2023-002)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-06-27
Audit: 310441
Organization: 419 Walnut, Inc. 023-Ee235 (MA)
Auditor: Cohnreznick LLP

AI Summary

  • Core Issue: The tenant's income was not reviewed as required.
  • Impacted Requirement: Income review must occur within 90 days of move-in certification submission.
  • Recommended Follow-Up: Ensure timely income reviews for all new tenants to comply with regulations.

Finding Text

In connection with lease file testing, we noted that of the 1 move-in tenant that we tested, the tenant's income was not reviewed by the project, using an EIV income report, within 90 days after transmission of the move-in certification to the Tenant Rental Assistance Certification System during the initial certification process.

Corrective Action Plan

Management should review the internal controls in place to ensure that the initial certification process is performed in accordance with HUD guidelines.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 403266 2023-001
    Material Weakness
  • 403268 2023-001
    Material Weakness
  • 403269 2023-002
    Material Weakness
  • 979708 2023-001
    Material Weakness
  • 979709 2023-002
    Material Weakness
  • 979710 2023-001
    Material Weakness
  • 979711 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $5.69M
14.239 Home Investment Partnerships Program $984,210