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Report Fraud, Waste and Abuse
  • Recommendation Number: 2014-LA-0004-001-B
  • Status: Open
  • Date Issued: June 30, 2014

HUD should remove the provision that allows public housing authorities to charge asset management fees, which would ensure that at least $81.6 million in operating funds could be put to better use in meeting HUD program objectives.

Publication Report

2014-LA-0004 | June 30, 2014

HUD Could Not Support the Reasonableness of the Operating and Capital Fund Programs’ Fees and Did Not Adequately Monitor Central Office Cost Centers

We audited the U.S. Department of Housing and Urban Development’s (HUD) methodology and monitoring regarding the Office of Public Housing’s asset management fees and central office cost centers due to our concerns over potential misspending by public… more

Related Recommendations

Public and Indian Housing

  •  
    Status
      Open
      Closed
    2014-LA-0004-001-A

    Revise HUD’s asset management fee policy to refederalize the Operating Fund program’s management and bookkeeping fees and the Capital Fund program’s management fees.

  •  
    Status
      Open
      Closed
    2014-LA-0004-001-C

    Establish and implement procedures to reassess the management and bookkeeping fees periodically to ensure that they are reasonable. HUD should retain the documentation justifying the calculation of the rates.

  •  
    Status
      Open
      Closed
    2014-LA-0004-001-H

    Develop, document, and implement written procedures to ensure that fees charged to the asset management projects and Capital Fund program and expenses from the central office cost center are used to support HUD’s mission.