Phoenix Apartments Did Not Use Project Funds in Compliance with HUD Requirements
Based on a hotline complaint, we reviewed whether the Phoenix Apartments multifamily project located in Concord, California, used its project funds in accordance with HUD rules and regulations. We found that the project did not use project funds in accordance with the requirements of its regulatory agreement and applicable HUD rules and regulations. Specifically, during fiscal years 2004, 2005, and 2006, the project used $89,751 of its funds…
February 03, 2008
Report
#2008-LA-1006
The Los Angeles Multifamily Hub Did Not Properly Monitor Its Performance-Based Contract Administrator, Los Angeles LOMOD
We audited the Los Angeles Multifamily Hub's monitoring of its annual contributions contract with its performance-based contract administrator (contractor), Los Angeles LOMOD (LOMOD). Our overall audit objective was to determine whether the U.S. Department of Housing and Urban Development (HUD) appropriately monitored LOMOD with respect to the annual contributions contract. The Los Angeles Multifamily Hub did not properly monitor its…
November 04, 2007
Report
#2008-LA-0001