Based on the results of a prior audit, we reviewed Fort Worth Housing Solutions (FWHS) and transactions with its related entity QuadCo Management Solutions, LLC (QuadCo) of Fort Worth, TX.  Our objectives were to determine whether FWHS (1) properly managed its U.S. Department of Housing and Urban Development (HUD) funds, specifically whether it improperly loaned $1.6 million in HUD funds to QuadCo; (2) paid management fees within HUD’s allowed range; and (3) set up and organized QuadCo in accordance with regulations and guidance. 

FWHS generally managed its HUD funds appropriately and followed requirements.  Specifically, it (1) did not improperly loan $1.6 million in HUD funds to QuadCo, (2) paid management fees within HUD limits, and (3) set up and organized QuadCo in accordance with regulations and guidance. 

The report contained no recommendations.