FAC Explorer

Finding 587315 (2023-001)

- Repeat Finding
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-01-30
Audit: 14603
Organization: Fredericksburg Voa Elderly Housing, INC (evergreen Villa) (VA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: The project failed to offset the monthly Section 8 Housing Assistance Payments.
  • Trend: This oversight could lead to financial discrepancies and affect budgeting accuracy.
  • Follow-up: Review payment processes and implement checks to ensure offsets are applied correctly moving forward.

Finding Text

The project did not offset the monthly Section 8 Housing Assistance Payments.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 10873 2023-001
    - Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.20M
14.195 Section 8 Housing Assistance Payments Program $194,839