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Línea Directa

REPORTAR FRAUDE, DESPERDICIO O ABUSO
Diciembre 22, 2008
2008-NY-1003
ig0821003.pdf

We completed an audit of the City of New York's Department of Housing Preservation and Development (the City), New York, New York to evaluate its administration of the HOME Investment Partnerships Program (HOME). The audit objectives were to determine whether the City (1) properly committed and disbursed HOME funds; (2) adequately monitored its community housing development organizations, projects, and contractors; and (3) correctly reported its match contributions.

The audit disclosed that the City generally committed and disbursed HOME funds in accordance with HOME regulations; however, there were weaknesses in its monitoring procedures. As a result of these weaknesses, the City lacked assurance that its community housing development organizations were properly organized and operated effectively, data in HUD's Integrated Disbursement and Information System accurately reflected the status of its HOME funds, and HOME-funded projects being monitored met the statutory HOME eligibility requirements throughout the affordability periods. In addition, while the City met its HOME match requirements and reported a substantial balance of match contributions made in excess of the required amounts, erroneous calculations of the match contributions resulted in $34.1 million of ineligible match carried forward as a balance for use in future years.

We recommend that the Director of HUD's New York Office of Community Planning and Development require the City to (1) implement procedures to recertify its community housing development organizations and evaluate their performance, (2) enter information into HUD's Integrated Disbursement and Information System to reflect the current status of seven old projects that have not been closed out, (3) implement procedures to ensure that all completed projects are monitored for the specified affordability period, (4) remove $34.1 million in ineligible match from its 2007 HOME Match Report, and (5) establish procedures to accurately report the value of match contributions for each of its programs.