Finding 587305 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2024-01-30

Audit: 14580

Organization: Youngstown Voa Ind Housing INC (freedom Village Youngstown) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: The agreement mandates monthly deposits of $7,403.
Trend: Consistent compliance with this requirement is crucial for maintaining regulatory standing.
List: Ensure all deposits are made on time to avoid penalties and review the agreement for any updates.

The regulatory agreement (as amended) requires monthly deposits of $7,403.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$2.27M
14.195	Section 8 Housing Assistance Payments Program	$452,776
14.191	Multifamily Housing Service Coordinators	$33,031