FAC Explorer

Finding 613384 (2022-001)

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Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-06-21
Audit: 34898
Organization: Opendoors Housing LLC (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: The management agreement for Section 8 Rental Assistance expired in April 2022, violating HUD regulations.
  • Trend: This lapse indicates a need for improved management oversight to prevent future expirations.
  • Follow-up: Ensure the renewed agreement is monitored to remain compliant and avoid similar issues.

Finding Text

Finding 2022-001: Federal program - Section 8 Rental Assistance: Criteria - HUD regulations require there be a valid management agreement in force at all times; Condition - the management agreement expired April 2022; Cause - management oversight; Recommendation - management should renew the management agreement. Response: Subsequent to year end management renewed the management agreement effective July 2022.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.265 Rural Capacity Building for Community Development and Affordable Housing Grants $850,000
14.239 Home Investment Partnerships Program $500,000
14.195 Section 8 Housing Assistance Payments Program $148,921