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Comply with its Management Agent Handbook requirements that stipulate HUD must perform management reviews of the management agent’s central office activities as well as regular onsite reviews of functions carried out at the projects. These central office reviews should be performed at least once every 18 months.

Publication Report

2015-AT-0002 | August 21, 2015

HUD’s Office of Multifamily Asset Management and Portfolio Oversight Did Not Comply With Its Requirements For Monitoring Management Agents’ Costs

We reviewed the U.S. Department of Housing and Urban Development (HUD), Office of Multifamily Asset Management and Portfolio Oversight.  We initiated the audit under the HUD Office of Inspector General’s (OIG) annual audit plan.  Our audit… more