Finding 587309 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2024-01-30

Audit: 14592

Organization: Dallas Voa Elderly Housing, INC (prairie Creek Village) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: The agreement mandates monthly deposits of $6,399.
Trend: Consistent compliance with this requirement is crucial to avoid penalties.
List: Ensure timely deposits each month and monitor for any changes in the agreement.

The regulatory agreement (as amended) requires monthly deposits of $6,399.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$4.42M
14.195	Section 8 Housing Assistance Payments Program	$698,093