We completed a capacity review of the City of Los Angeles’ Housing Department’s (City) Neighborhood Stabilization Program (Program). We performed the review because Housing and Economic Recovery Act of 2008 (HERA) reviews are part of our annual audit plan and the program was identified as high risk. We previously audited several different aspects of the City’s HOME Investment Partnerships program, all of which disclosed significant monitoring and oversight problems. Thus, given the significant amount of funds awarded and the prior audit results, we had concerns regarding the City’s capacity to administer the Program funds. The City applied for, and was subsequently awarded, additional funds through the American Recovery and Reinvestment Act of 2009 (ARRA). Our objective was to determine whether the City had sufficient capacity and the necessary controls to manage and administer Program funds under HERA and ARRA. We found that the City generally has sufficient capacity to adequately administer its Program funding.
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