Finding 61825 (2022-001)

Finding No. 2022-1 Criteria Management is required to maintain the project records and agreements in accordance with the Regulatory Agreement and HUD regulations. Statement of Condition Holy Cross Villas, Inc.?s HUD approved Management Agent?s Certification (form HUD-9839-B) has expired as of March 31, 2022. Questioned Costs There are no questioned costs. Cause The procedures to ensure compliance with HUD regulations regarding maintaining project records and agreements in the required manner were not followed. Auditor Noncompliance Code Z - Other Effect Holy Cross Villas, Inc. is not in compliance with HUD regulations relating to maintaining the project records and agreements. Recommendations Management should submit a new Management Agent?s Certification to HUD for approval. Views of Responsible Officials Management concurs with the finding and has submitted a new Management Agent Certification (form HUD-9839-B) to HUD for approval.