Finding Text
Finding No. 2024-002: Section 202 Supportive Housing for the Elderly, ALN 14.157 Finding Resolution Status: Resolved. Information on Universe Population Size: Seven move-out tenants. Sample Size Information: Three move-out tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD rules require the owner to return the full security deposit plus accrued interest or provide the tenant with an itemized statement with any applicable deductions and any remaining deposit within the lesser of 30 days or the state’s law of 21 days after the move-out date. Statement of Condition: Three tenants were not refunded their security deposits within the state’s law of 21 days after move-out. Cause: The manager did not adhere to requirements for returning security deposits resulting in the untimely refund of security deposits. Effect or Potential Effect: The Project is not in compliance regarding the returning of security deposits within the required timeframe. Auditor Non-Compliance Code: M – Security Deposits Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations have been adopted. Recommendation: The Project should implement procedures to ensure the manager complies with the requirements for timely refunding of security deposits. Response Indicator: Agree. Completion Date: 11/28/2023 Response: Staff training has been provided and included in monthly reporting procedures.