Finding Text
FINDING No. 2022-001: Section 202 Supportive Housing for the Elderly, CFDA 14.157 Finding Resolution Status: Resolved. Information on Universe Population Size: Total rent revenue. Sample Size Information: All monthly PRAC requests. Identification of Repeat Finding and Finding Reference Number: No. Criteria: As required by HUD regulations, applications for renewal of PRAC contracts must be completed within 120 days of the PRAC expiration. Statement of Condition: The Project did not complete the renewal process within 120 days of the contract expiration. Cause: The Project did not follow HUD regulations for a timely contract renewal. Effect or Potential Effect: The Project is not in compliance with HUD regulations for a timely renewal of the PRAC contract resulting in delayed receipt of HAP funds. Auditor Non-Compliance Code: R ? Section 8 Program Administration. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor?s recommendations have been adopted. Recommendation: The Project should comply with HUD regulations for a timely renewal of the PRAC contract to ensure no interruption in funding. Response Indicator: Agree. Completion Date: 4/14/2022 Response: Management has implemented new procedures for PRAC contract renewals and is in the process of hiring a compliance coordinator to assist with ensuring all HUD regulations are met timely.