We audited the U. S. Department of Housing and Urban Development’s (HUD) compliance with obligation, recapture, and reallocation requirements for the American Recovery and Reinvestment Act of 2009 (Recovery Act) Public Housing Capital Fund program. Specifically, its plans to recapture unobligated Recovery Act Public Housing Capital Fund formula grants by the March 17, 2010 obligation deadline and to reallocate the recaptured funds. HUD’s plan was a generalized description of the process it would undertake to recapture and reallocate formula grant funds not obligated by the deadline. HUD should improve its plan by revising it to include more detailed procedures for accomplishing HUD’s goals and a timeline for completing them and use this plan for future recapture and reallocation events.
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