The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General reviewed HUD's assessment of the risk for the Tax Credit Assistance Program. Our objective was to determine whether HUD’s front-end risk assessment (assessment) of the Program complied with Office of Management and Budget (OMB) guidance for implementing the Recovery Act and applicable HUD requirements. Our review of the final assessment for the Program determined that it generally complied with OMB guidance for implementing the Recovery Act and applicable HUD requirements. Our review determined that HUD adequately emphasized the factors of timeliness, clear and measurable objectives, transparency, monitoring, and reporting, and that it followed the guidance in its streamlined assessment process and management control program handbook. As a result, there are no recommendations in this memorandum.
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