FAC Explorer

Finding 501646 (2024-003)

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Requirement
C
Questioned Costs
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Year
2024
Accepted
2024-10-02
Audit: 323673
Organization: Neary Lagoon Senior Housing, Inc. (CA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: The project failed to offset the monthly Section 8 housing assistance payments.
  • Trend: This issue indicates a recurring problem with payment processing in similar projects.
  • List: Follow up by reviewing payment procedures, ensuring compliance with regulations, and implementing corrective actions.

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
14.195 Section 8 Housing Assistance Payments Program $779,681
14.182 Section 8 New Construction and Substantial Rehabilitation $95,224