Finding 573285 (2020-006)

Material Weakness
Requirement
N
Questioned Costs
-
Year
2020
Accepted
2025-08-11
Audit: 364071
Organization: Richmond Housing Authority (CA)

AI Summary

  • Core Issue: The Housing Authority lacks current documentation for the Declaration of Trust (DOT) and Declaration of Restrictive Covenants (DORC) for certain properties.
  • Impacted Requirements: This non-compliance with 24 CFR section 905 puts the Authority at risk of violating HUD regulations.
  • Recommended Follow-Up: Establish an electronic filing system for DOT/DORC documents and maintain an updated list of all properties to ensure compliance.

Finding Text

Finding SA2020-006: Lack of documentations for Declaration of Trust (DOT) and Declaration of Restrictive Covenants (DORC) AL number: 14.850 AL Title: Public and Indian Housing Name of Federal Agency: Department of Housing and Urban Development Federal Award Identification number and year: CA010 (2020) Criteria: 24 CFR section 905 required non-federal entities including Public Housing Authorities (PHA) are required to maintain current or valid DOT or DORC recorded against all public housing properties that have received funding under the U.S. Housing Act of 1937. Condition: During our audit, we noted the DOTs provided for certain housing properties are outdated and didn’t reflect subsequent modernization improvements. Cause: We understand that the staff overseeing the federal awards during fiscal year 2020 are no longer with the Authority, and therefore, the staff overseeing the federal awards subsequent to the fiscal year were unable to provide the supporting documents. Effect: The Housing Authority is not compliance with the HUD requirements as stated in 24 CFR section 905. Recommendation: The Housing Authority should maintain a list of all owned and insured properties, including land, non-residential facilities, and modernization efforts, and ensure that each property has a current and valid DOT/DORC on record. Management Response: The Authority maintains a comprehensive list of all owned and insured assets within our Asset Repositioning strategy document. In alignment with the recommendation, the Housing Authority will establish an electronic filing system to securely store all declarations of trust. In accordance with PHI Notice 2014-14, the Housing Authority will formally request the release of the Declaration of Trust (DOT) from HUD prior to the closing or transfer of the title of any public housing property.

Corrective Action Plan

The recommendations have since been addressed and implemented. The Authority maintains a comprehensive list of all owned and insured assets within our Asset Repositioning strategy document. The Housing Authority will establish an electronic filing system to securely store all declarations of trust. In accordance with PHI Notice 2014-14, the Housing Authority will formally request the release of the Declaration of Trust (DOT) from HUD prior to the closing or transfer of the title of any public housing property.

Categories

HUD Housing Programs Allowable Costs / Cost Principles Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 573280 2020-001
    Material Weakness Repeat
  • 573281 2020-002
    Material Weakness
  • 573282 2020-003
    Material Weakness Repeat
  • 573283 2020-004
    Material Weakness Repeat
  • 573284 2020-005
    Material Weakness
  • 573286 2020-007
    Material Weakness
  • 573287 2020-007
    Material Weakness
  • 573288 2020-008
    Material Weakness
  • 1149722 2020-001
    Material Weakness Repeat
  • 1149723 2020-002
    Material Weakness
  • 1149724 2020-003
    Material Weakness Repeat
  • 1149725 2020-004
    Material Weakness Repeat
  • 1149726 2020-005
    Material Weakness
  • 1149727 2020-006
    Material Weakness
  • 1149728 2020-007
    Material Weakness
  • 1149729 2020-007
    Material Weakness
  • 1149730 2020-008
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.850 Public Housing Operating Fund $1.86M
14.872 Public Housing Capital Fund $1.42M