Finding Text
See Schedule of Findings and Questioned Costs for chart/table.Identification as a Repeat Finding: Not a repeat finding Finding: The Organization disbursed federal funds to program beneficiaries in excess of program limits. Criteria: The Homeowner Assistance Fund (HAF) Foreclosure Grant Program Agreement grant agreement limited benefits to $60,000 but noted that ?because this program requires that any grant must terminate the ongoing foreclosure action, the published grant limit can be exceeded by an Application for Exception process.? Condition and context: At the conclusion of the HAF pilot program, which was conducted in 2022, HomeSight remitted $39,729 to the Washington State Housing Finance Commission for benefits that exceeded the threshold established by the Application for Exception process. Cause: In certain circumstances, funds in excess of the threshold established in the Application for Exception process were required to terminate the ongoing foreclosure action. Sample size and population: See Schedule of Findings and Questioned Costs for chart/tableEffect: Unallowable costs were charged to the program. Recommendation: HomeSight should have been tracking instances in which disbursed funds exceeded the threshold established in the Application for Exception process so that federal funds were not used for unallowable costs. Questioned Costs: $39,729 Management Response: Management response is reported in the ?Corrective Action Plan? at the end of this report. Contact Person: Tammie Anders, Director of Finance