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Línea Directa

REPORTAR FRAUDE, DESPERDICIO O ABUSO
  • Recommendation Number: 2017-AT-0001-001-G
  • Status: Closed
  • Date Issued: Abril 27, 2017
Closed Date:
Septiembre 07, 2018

Develop and implement a tracking system for monitoring reviews of Section 108 loans.

Publication Report

2017-AT-0001 | Abril 27, 2017

HUD’s Oversight of Section 108 Loans Was Not Adequate To Ensure Compliance With Program Requirements

We audited the U.S. Department of Housing and Urban Development (HUD), Office of Community Planning and Development’s (CPD) Section 108 Loan Guarantees program.  We conducted the audit as part of our annual audit plan.  Our audit objectives... más

Related Recommendations

Community Planning and Development

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-A
    Closed on Marzo 30, 2018
    $15,814,000.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A] resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B] that are not supported by adequate documentation (also known as an unsupported cost]; or (C] that appear unnecessary or unreasonable.

    Summary

    Reevaluate the feasibility of the two Section 108 activities that failed to meet a national objective and determine the eligibility of the $15,814,000 already invested. Any amount determined ineligible must be reimbursed to the program from non-Federal funds.

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-B
    Closed on Octubre 18, 2018
    $8,694,000.00
    Funds Put to Better Use

    Recommendations that funds be put to better use estimate funds that could be used more efficiently. For example, recommendations that funds be put to better use could result in reductions in spending, deobligation of funds, or avoidance of unnecessary spending.

    Summary

    Require the borrowers to submit a plan for how they will proceed and use the $8,694,000 million in unused commitments to provide the intended benefits and meet program objectives.

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-C
    Closed on Agosto 25, 2017
    $75,000.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A] resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B] that are not supported by adequate documentation (also known as an unsupported cost]; or (C] that appear unnecessary or unreasonable.

    Summary

    Require the borrower to provide all supporting documentation and evaluate the allowability and eligibility of $75,000 used for the unauthorized activity. Any amount determined ineligible must be reimbursed to the program from non-Federal funds.

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-D
    Closed on Octubre 12, 2018
    Summary

    Develop procedures directing field offices to include the review of Section 108-funded activities when performing the annual reviews of Block Grant recipients.

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-E
    Closed on Octubre 12, 2018
    Summary

    Develop procedures to ensure that the information necessary to monitor program performance and compliance with program requirements is promptly provided to the field offices.

  •  
    Status
      Open
      Closed
    2017-AT-0001-001-F
    Closed on Octubre 12, 2018
    Summary

    Implement procedures to ensure that borrowers comply with all loan contract provisions and that required documents are submitted, including bank agreements, monthly statements, and security documents. If a borrower does not provide evidence that it has complied with all program requirements, HUD must initiate appropriate remedial actions under paragraph 12 of the contract.