Finding Text
Criteria: 24 CFR 982.4, 982.54(d)(15), 982.158(f)(7) and 982.507 requires the Authority to document the basis for the determination that the rent to owner is a reasonable rent as outlined in their administrative plan Condition: The control deficiency exists due to documentation of reasonable rent that is inadequate to determine the used to determine reasonable rent and did not contain sufficient information to support the calculation. Cause: The cause of the deficiency was related to turnover of employees. Effect: The Authority is not in compliance with 24 CFR 982.4, 982.54(d)(15), 982.158(f)(7) and 982.507 Recommendation: We recommend that the Authority review their procedures to ensure reasonable rent is properly documented and update their administrative plan to reflect any changes.