HUD’s Office of Multifamily Needs To Improve Its Oversight of PBRA and FHA-Insured PBV Properties Converted Under RAD
HUD’s Office of Housing contracts with performance-based contract administrators to administer the housing assistance payments (HAP) contract with owners. Through RAD, HUD oversees the HAP contracts for converted properties and monitors owners for compliance with HUD’s requirements, which include maintaining (1) units in decent, safe, and sanitary condition and (2) reserve for replacement accounts to help defray the cost of replacing properties’ capital items.We found HUD needs to improve its oversight of the physical condition of public housing units that converted to PB
The IG Transmits Whistleblower Protections in HUD’s Nondisclosure Agreements Evaluation Report to Senator Grassley
December 17, 2024, letter from Inspector General Oliver Davis transmitting the evaluation report, “The U.S. Department of Housing and Urban Development Nondisclosure Agreements’ Incorporation of Whistleblower Protections” to Senator Grassley. We commenced this evaluation based on the Senator’s request to review whether the nondisclosure policies, forms, agreements, and related documents specific to HUD include the anti-gag provision required by law.
The U.S. Department of Housing and Urban Development Nondisclosure Agreements’ Incorporation of Whistleblower Protections
We obtained the U.S.
Fiscal Year 2024 Federal Information Security Modernization Act of 2014 Penetration Test
The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General (OIG) conducted penetration testing concurrently with our fiscal year 2024 Federal Information Security Modernization Act of 2014 (FISMA) evaluation.
Ginnie Mae Concentration Risk Oversight
HUD OIG is conducting an audit of Ginnie Mae's portfolio and issuer oversight. According to a Ginnie Mae report issued in December 2024 , 88.97% of Ginnie Mae's approximately $2.6 trillion in guaranteed pooled loans are owned by 30 mortgage companies, of which 22 of them are nonbank institutions. Our audit objective is to assess Ginnie Mae's evaluation of nonbank issuer concentration risk.