The Lender Generally Underwrote the Second and Delaware Project Loan in Accordance With HUD Rules and Regulations
The U.S. Department of Housing and Urban Development, Office of Inspector General, audited the lender, Berkeley Point Capital, and the underwriting for the Second and Delaware project loan. We initiated the review of the loan underwriting based on a previous review of the Second and Delaware project, which focused on the construction and development of the project. The almost $46 million project is Federal Housing Administration (...
Septiembre 27, 2018
Report
#2018-KC-1003
The Crisfield Housing Authority, Crisfield, MD, Did Not Properly Administer Its Public Housing Program Operating and Capital Funds
We audited the Crisfield Housing Authority’s use of public housing program operating and capital funds because we received a hotline complaint alleging misuse of public housing assets and we had never audited the Authority. The audit objective was to determine whether the Authority administered its public housing program in accordance with applicable U.S. Department of Housing and Urban Development (HUD) requirements and its annual...
Septiembre 25, 2018
Report
#2018-PH-1007
The Crisfield Housing Authority, Crisfield, MD, Did Not Properly Administer Its Housing Choice Voucher Program
We audited the Crisfield Housing Authority’s Housing Choice Voucher program because we received a hotline complaint alleging that it misused public housing assets and we had never audited the Authority. Our audit objective was to determine whether the Authority (1) ensured that families met eligibility requirements, (2) properly admitted families from the waiting list, (3) correctly calculated housing assistance payments and maintained...
Marzo 30, 2018
Report
#2018-PH-1003
RMS & Associates, Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
We audited RMS & Associates’ Federal Housing Administration (FHA) loan origination because it was one of the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S. Department of Housing and Urban Development, Office of Inspector General (HUD OIG), audit (Evergreen Home Loans, 2016-LA-1011) found that Evergreen originated FHA-insured loans in connection with the City of Las...
Septiembre 28, 2017
Memorandum
#2017-LA-1803
SecurityNational Mortgage Company, Las Vegas, NV, Improperly Originated FHA Loans for Properties With Restrictive Covenants
We audited SecurityNational Mortgage Company’s Federal Housing Administration (FHA) loan origination because it was among the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S. Department of Housing and Urban Development, Office of Inspector General (HUD OIG), audit (Evergreen Home Loans, 2016-LA-1011) found that Evergreen originated FHA-insured loans in connection with...
Septiembre 22, 2017
Memorandum
#2017-LA-1802
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
We audited Venta Financial Group’s Federal Housing Administration (FHA) loan origination because it was one of the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S. Department of Housing and Urban Development, Office of Inspector General (HUD OIG) audit (Evergreen Home Loans, 2016-LA-1011) found that Evergreen originated FHA-insured loans in connection with the City of...
Septiembre 20, 2017
Memorandum
#2017-LA-1801
The City of Las Vegas, NV, Did Not Administer Its Neighborhood Stabilization Program 3 Homebuyer Assistance Program in Accordance with HUD Requirements
We audited the City of Las Vegas’, Homebuyer Assistance Program under the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program 3 (NSP3). We initiated this review because of a prior HUD Office of Inspector General audit of Evergreen Home Loans issued September 12, 2016 (audit report 2016-LA-1011). The Evergreen Home Loans audit report identified 14 loans that received home-buyer assistance as...
Septiembre 13, 2017
Report
#2017-LA-1008
Clark County, NV, Did Not Always Use Community Development Block Grant Funds in Accordance With HUD Requirements
We audited Clark County, NV’s Community Development Block Grant (CDBG) program. We selected Clark County for review due to its large grant size and the U.S. Department of Housing and Urban Development’s (HUD) risk assessment. The reporting objective of the audit was to determine whether Clark County followed procurement requirements, ensured that CDBG projects met CDBG national objectives, and spent CDBG funds on eligible expenses....
Abril 13, 2017
Report
#2017-LA-1001
The Housing Opportunities Commission of Montgomery County, Kensington, MD, Did Not Always Ensure That Its Program Units Met Housing Quality Standards
We audited the Housing Opportunities Commission of Montgomery County’s Housing Choice Voucher program because (1) it had a large program receiving more than $82 million in fiscal year 2015, (2) it had the second largest number of housing choice vouchers of non-Moving to Work housing agencies within the jurisdiction of the Philadelphia region, and (3) we had not audited its program. Our audit objective was to determine whether the...
Septiembre 29, 2016
Report
#2016-PH-1008
The Wyoming Community Development Authority of Casper, WY, Did Not Always Spend Its HOME and NSP Funds in Accordance With Program Requirements
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Wyoming Community Development Authority of Casper, WY, for calendar years 2012-2015. The audit was initiated based on concerns received from U.S. Department of Housing and Urban Development (HUD) officials from the Office of Community Planning and Development program staff in Denver, CO. The objectives of the audit were to determine...
Septiembre 28, 2016
Report
#2016-DE-1005
The Housing Authority of the City of Annapolis, MD, Did Not Always Follow Applicable Procurement Requirements
We audited the Housing Authority of the City of Annapolis’ procurement activities due to a hotline complaint. The complaint alleged that the Authority failed to follow procurement requirements. This is the second of two audit reports on the Authority. Our audit objective was to determine whether the Authority procured services and products using operating and capital funds in accordance with applicable requirements.
The...
Septiembre 27, 2016
Report
#2016-PH-1007
The Evanston Housing Authority, Evanston, WY, Misspent HUD Funds and Mismanaged Its Program Income
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Evanston Wyoming Housing Authority’s public and Indian housing program funds for calendar years 2013-2015. We initiated this audit in response to a hotline complaint. The complaint alleged that the Authority used its purchase cards and laundry machine program income to pay for personal expenses, such as remodeling of staff members’...
Septiembre 13, 2016
Report
#2016-DE-1002
Evergreen Home Loans, Las Vegas, NV, Branch Did Not Always Comply With HUD FHA Origination Regulations
We performed a survey of Evergreen Moneysource Mortgage Company, doing business as Evergreen Home Loans, regarding its Federal Housing Administration (FHA) loan origination process. The review was part of our efforts to improve the integrity of single-family insurance programs. We selected Evergreen’s Las Vegas branch because of its compare ratio. Our audit objective was to determine whether Evergreen’s Las Vegas branch...
Septiembre 12, 2016
Report
#2016-LA-1011
The Housing Authority of the City of Annapolis, MD, Did Not Always Administer Its Resident Opportunities and Self-Sufficiency Program in Accordance With Applicable Requirements
We audited the Housing Authority of the City of Annapolis’ Resident Opportunities and Self-Sufficiency (ROSS) program due to a hotline complaint. The complaint alleged that the Authority used ROSS grant funds to pay a resident who did not work on a grant. This is the first of two audit reports on the Authority. Our objective was to determine whether the Authority administered its ROSS program in accordance with applicable U.S...
Agosto 31, 2016
Report
#2016-PH-1006
The Reno-Sparks Indian Colony, Reno, NV Did Not Always Comply With HUD Procurement Regulations
We audited the Reno-Sparks Indian Colony based on a complaint alleging the misuse of U.S. Department of Housing and Urban Development (HUD) funds due to improper procurement activities. The objective of the audit was to determine the validity of the complaint and whether the Colony used its Indian Housing Block Grant and Indian Community Development Block Grant funds in accordance with HUD requirements.
The complaint allegations had merit...
Febrero 09, 2016
Report
#2016-LA-1001
The State of Maryland Could Not Show That Replacement Homes Complied With the Green Building Standard
We audited the State of Maryland’s Community Development Block Grant Disaster Recovery-funded Housing Recovery program. We conducted the audit because the program was the largest funded program in the State’s first action plan. Our objectives were to determine whether the State (1) assisted eligible applicants, (2) avoided duplicating assistance, (3) incurred eligible expenses that were properly supported, (4) procured services and...
Septiembre 25, 2015
Report
#2015-PH-1005
The State of Wyoming Did Not Always Administer Its CDBG Program in Accordance With Applicable Requirements
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the State of Wyoming’s Community Development Block Grant (CDBG) program run by the Wyoming Business Council. Our audit objective was to determine whether the State reimbursed only approved costs, its grant agreements contained all required language, it properly monitored its projects, and it ensured that projects met the national objective in...
Mayo 26, 2015
Report
#2015-DE-1001
Memorandum Report on the Wyoming Community Development Authority’s Role in the Village Creek Townhomes’ 51 FHA Mortgage Defaults
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Wyoming Housing Opportunities Association (Association) based on information obtained during a separate audit of the Wyoming Community Development Authority (State Finance Agency), which indicated that 51 Federal Housing Administration (FHA) mortgages with the same borrower had defaulted. The purpose of our audit was to determine whether...
Agosto 12, 2014
Memorandum
#2014-DE-1801
Southern Nevada Regional Housing Authority, Las Vegas, NV, Did Not Always Follow Requirements for Its Operating Funds and Public Housing Assets
We audited the Southern Nevada Regional Housing Authority’s use of U.S. Department of Housing and Urban Development (HUD) public housing operating funds. We audited the Authority based on a complaint alleging that the Authority (1) failed to competently oversee the Federal dollars entrusted to it and (2) did not have inventory controls in place to prevent the fraudulent use of supplies. Our audit objective was to determine whether...
Abril 17, 2014
Report
#2014-LA-1002
The Wyoming Community Development Authority Properly Administered HUD’s Loss Mitigation Program
We reviewed the administration of the U.S. Department of Housing and Urban Development’s (HUD) Loss Mitigation Program at the Wyoming Community Development Authority, located in Casper, WY. Our objective was to determine whether the Authority properly administered HUD’s Loss Mitigation Program for Federal Housing Administration (FHA)-insured mortgages. We selected the Authority based on its high rate of foreclosure claims. Its...
Enero 21, 2014
Report
#2014-DE-1001