We audited the New Hampshire Housing Finance Authority’s HOME Investment Partnerships Program based on a risk analysis of the Authority’s program that considered the amount of funding and the results of HUD monitoring reviews and because the Office of Inspector General had not reviewed the Authority’s HOME program within the past 10 years.  Our audit objective was to determine whether Authority officials administered the HOME program in...

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the City of Minot, ND’s Community Development Block Grant (CDBG) Disaster Recovery program because the City was awarded more than $67 million in CDBG Disaster Recovery funds in April 2012 and an additional $35 million in May 2013.  Before our audit, the City had spent more than $26 million and $1.3 million, respectively.  In addition, we...

he U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited Gruening Park Apartments, a 96-unit apartment complex in Juneau, AK, owned and operated by Alaska Housing Development Corporation, Inc., to determine whether the owner administered the project and its programs in compliance with the regulatory agreement and other HUD requirements. We selected this project primarily due to its having a significantly...

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audited Five Star based upon a request from the HUD Denver Office of Multifamily Housing. The objective of our audit was to determine whether Five Star submitted the required monthly accounting and Section 236 excess income reports to HUD. Five Star did not submit required monthly accounting reports and Section 236 excess income reports to HUD. It...

The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General audited the Section 8 Performance Based Contract Administration (PBCA) program of the Alaska Housing Finance Corporation (Corporation). We wanted to determine whether the Corporation fulfilled its contractual responsibilities as a performance-based contract administrator (contract administrator) of project-based Section 8 housing assistance payments...

The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General audited the Housing Choice Voucher (HCV) program of the Alaska Housing Finance Corporation (AHFC). We wanted to determine whether AHFC admitted and housed tenants properly, calculated tenant rents correctly, and maintained an effective quality control program. We also wanted to determine whether AHFC properly administered its HUD Veterans Affairs...

We audited New England Regional Mortgage Corporation (Corporation), a Federal Housing Administration (FHA) lender approved to underwrite and close mortgage loans without prior FHA review or approval. We selected the Corporation because its early payment default rate for insured single-family loans originated between January 1, 2008, and December 31, 2009, was significantly higher than the default rate in the local area in which it does business...

We completed our review of the New Hampshire Housing Finance Authority's (Authority) cost allocation, operating reserves, and technology expenditures. We initiated this survey at the request of the U.S. Department of Housing and Urban Development's (HUD) Office of Public Housing. Our objective was to determine whether the Authority properly allocated costs, maintained appropriate reserves, and managed its technology equipment and...