Finding Text
Federal program - Section 202: Criteria - The subsidy due for every tenant should be based on the current approved rents less the tenant share; Condition - the property received a rent increase in May 2023 but did not change the subsidy for those units no longer entitled to it for the periods May through December 2023 and totaling $1,020; Cause - management oversight; Recommendation - management should retroactively correct the error in the next subsidy requisition. Response: management has corrected the error in the January 2024 requisition.