The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audited allegations made against BIONIC Real Estate Services, LLC (BIONIC), a HUD-approved management agent, in a citizen complaint received by our office. The allegations related to BIONIC’s management of Powell Apartments, a HUD Section 236-insured multifamily property with partial project-based Section 8-subsidized units. The objective of our review was to determine whether there was evidence to support the allegations made against BIONIC regarding its management of Powell Apartments as stated in the citizen’s complaint. We did not find evidence to support the allegations made against BIONIC related to its management of Powell Apartments. This report contains no formal recommendations, and no further action is necessary.
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