We audited the State of Maryland’s Department of Housing and Community Development’s administration of its Emergency Mortgage Assistance program. We audited the State’s program because the U.S. Department of Housing and Urban Development (HUD) awarded the State $61.6 million in Emergency Homeowner’s Loan program funds to administer its Emergency Mortgage Assistance program. Our objective was to determine whether the State administered its Emergency Mortgage Assistance program in accordance with applicable HUD requirements.
The State generally administered its Emergency Mortgage Assistance program in accordance with applicable HUD requirements. It ensured that homeowners met eligibility requirements, maximum loan amounts were within established loan limits, and its administrative expenses were eligible and supported by adequate documentation. Also, it generally ensured that homeowners’ debt-to-income ratios were below 55 percent.
This report contains no recommendations.
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