Finding Text
FINDING No. 2022-001: Section 207/223(f) Mortgage Insurance for the Refinancing of Existing Multifamily Housing Projects, CFDA 14.155 Finding Resolution Status: Resolved. Information on Universe Population Size: One hundred twenty-one tenants. Sample Size Information: Twenty tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD requires that Project maintain the signed form HUD-50059 for all tenants. Statement of Condition: The form HUD-50059 was missing for one tenant. Cause: The form HUD-50059 was not maintained in the tenant file. Effect or Potential Effect: Tenant files were not maintained in adherence to HUD requirements. 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 implement procedures to ensure all tenant documentation is properly completed and maintained. Response Indicator: Agree. Completion Date: 07/21/2022 Response: Training will be conducted with on-site staff on file requirements and procedures. Going forward Compliance will be reviewing random files for accuracy to prevent future file findings.