The Fort Smith Housing Authority Made Inappropriate Guarantees, Did Not Follow Procurement Requirements, and Spent Program Funds on Questionable Activities
We audited the Fort Smith Housing Authority (Authority) in response to a request from the U. S. Department of Housing and Urban Development's (HUD) Office of Public Housing. The objectives were to determine whether the Authority and its instrumentality, North Pointe Limited Partnership (Partnership), spent HUD-provided funds in compliance with HUD's rules and regulations for costs related to North Pointe Development (the development),...
Octubre 22, 2008
Report
#2009-FW-1001
Peoples Bank Did Not Follow HUD’s Requirements When Underwriting Nine FHA Loans and Implementing Its Quality Control Program
The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General reviewed 23 Federal Housing Administration (FHA) loans underwritten by Peoples Bank of Overland Park , Kansas . Our audit objectives were to determine whether Peoples Bank followed HUD requirements for (1) borrower eligibility and creditworthiness and property eligibility when underwriting loans and (2) implementing a quality control program. We concluded that...
Agosto 20, 2008
Report
#2008-KC-1004
The Jacksonville Housing Authority, Jacksonville, Arkansas, Mismanaged Public Housing Capital Fund Program Funding
Marzo 30, 2007
Report
#2007-FW-1007