Finding Text
Section 223(f) Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects , ALN
#14.155
Statement of Condition: The Project does not have sufficient internal controls in place over eligibility.
Criteria: Pursuant to 2 CFR section 200.303, Uniform Guidance requires that entities receiving federal awards establish
and maintain internal control over the federal awards that provides reasonable assurance that the entity is managing the
federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards.
Effect of Condition: This is a violation of Uniform Guidance requirements.
Cause of Condition: The Project does not have sufficient internal controls in place over eligibility.
Recommendation: It is recommended that the Project develop sufficient internal controls over eligibility.
Response: See Corrective Action Plan.