Finding Text
2024-001 - Public and Indian Housing - ALN No. 14.850. Criteria or Specific Requirement: Transfers of land from the low rent program should be approved by HUD (2 CFR Part 970). Condition: - Land (2.48 acres) that was previously approved by HUD to be leased to a tax credit entity was transferred to the Port Isabel Public Facilities Corporation to be used for a new low income housing development. The PHA could not find documentation that HUD approval was obtained, or was not required. Cause: Unknown. Effect: Land was transferred from the PHA's low rent program to the Port Isabel Public Facilities Corporation. Questioned Costs: The value of the land transferred. Repeat Finding: Not a repeat finding. Reccomendation: The PHA should obtain approval from HUD for the land transfer, or document that approval was not required. Response: The PHA will obtain the recommended documentation.