Finding Text
Federal program - Capital advance; Criteria - The HUD Management handbook specifies the nature and content of allowable expenses; Condition - the Corporation erroneous paid the real estate tax bill for a related entity and that entity paid the Corporation tax, resulting in a underpayment by the Corporation totaling $3,680; Cause - management oversight; Recommendation - management should arrange to reimburse the related entity from the Corporation. Response: Management has corrected the error.