The U.S. Virgin Islands Housing Finance Authority’s Fraud Risk Management Practices are At or Below The Lowest Desired Level
Fraud poses a significant risk to the integrity of federal programs and erodes public trust in government. For the U.S. Department of Housing and Urban Development’s (HUD) disaster recovery programs, fraud results in communities and individuals not receiving needed assistance to recover from and mitigate future disasters. Departments are required by law to develop and maintain governance structures, controls, and processes to safeguard resources and assets.
California Department of Housing and Community Development Needed Stronger Controls to Prevent Improper Payments in Its ESG CARES Act Program
In August 2024, we issued an audit report on the California Department of Housing and Community Development’s (HCD) fraud risk management practices, finding that HCD was not adequately prepared to prevent, detect, and respond to fraud due to the lack of focus it placed on fraud risks and establishing a robust fraud risk management framework for the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act funding for the Emergency Solutions Grant (ESG) program to prevent, detect, and respond to fraud (2024-LA-1001, issued August 2, 2024).
FY26 Annual GNMA Financial Statement Audit
HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual GNMA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether GNMA’s fiscal year 2026 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
FY26 Annual HUD Financial Statement Audit
HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual HUD financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether HUD’s fiscal year 2026 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
FY26 Annual FHA Financial Statement Audit
HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual FHA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether FHA’s fiscal year 2026 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
An Oklahoma PHA's Role As a RAD PBV Contract Administrator
HUD OIG is auditing an Oklahoma Public Housing Agency's (PHA) role as a Rental Assistance Demonstration (RAD) project-based voucher (PBV) contract administrator. The contract administrator is responsible for ensuring compliance with HUD’s PBV requirements and administering several components of the PBV program. Our objective is to determine whether the agency fulfilled its responsibilities as a RAD PBV contract administrator.
Grantee's Reporting and Use of CDBG Program Income
HUD OIG is auditing the Community Development Block Grant (CDBG) program. CDBG has an average annual funding level of about $16.7 billion, which provides entitlement grantees funding to support activities that primarily benefit low- and moderate-income individuals. Our audit objective is to determine whether grantees complied with HUD program income requirements.