(Source: federalsoup.com) The Department of Housing and Urban Development needs to improve oversight of its travel and purchase card programs, according to a report from the HUD inspector general. While HUD has put controls in place to identify cardholder travel card program violations, the report Read More

(Source: njspotlight.com) Four years after Hurricane Sandy, a federal audit of money allotted to repair and rebuild in the hurricane’s aftermath has found that New Jersey “… did not have adequate controls in place to administer its contract and monitor contract performance and was not fully aware Read More

After superstorm Sandy ripped through New Jersey and destroyed tens of thousands of homes, the federal goverment sent $4.2 billion here for housing programs. The state hired a Louisiana company to help set up and run three key housing programs, but it was fired after less than nine months on Read More

We audited the Lucas Metropolitan Housing Authority’s public housing program as part of the activities in our fiscal year 2016 annual audit plan.  We selected the Authority based on the results of a risk assessment of housing agencies in Region 5’s1  jurisdiction.  Our objective was Read More

We audited the Dayton Metropolitan Housing Authority’s Public Housing Capital Fund program.  We selected the Authority’s program for audit based on our analysis of risk factors related to public housing agencies in Region 5’s1  jurisdiction.  The audit was part of the activities in Read More

We audited Mortgage Services III, LLC, a Federal Housing Administration (FHA)-approved direct endorsement lender, as part of the activities in our fiscal year 2016 annual audit plan.  We selected Mortgage Services for review based on an analysis of data in the U.S. Department of Housing and Read More

We audited Baldwin Creek Apartments as part of the activities in our fiscal year 2016 annual audit plan.  We selected the project based on our analysis of risk factors related to multifamily projects in Region 5’s jurisdiction1.   Our objective was to determine whether the project’s Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) resident home-ownership program grant for West Park Place Condominium (project) based on the results of a risk assessment of multifamily housing programs in Region 5’s jurisdiction (States of Illinois, Indiana, Michigan, Read More

The Office of Hospital Facilities (OHF) provides mortgage insurance for acute care hospitals.  The insurance it provides reduces risk to lenders and lowers borrowing costs for hospitals.  As of May 2016, the unpaid principal balance for its 105 insured mortgages was approximately $7 Read More

We audited the Kentucky Housing Corporation’s administration of the U.S. Department of Housing and Urban Development’s (HUD) Loss Mitigation program for loans insured by the Federal Housing Administration (FHA).  We selected the Corporation based on our analysis of risk factors of single- Read More

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, assisted the Department of Justice, Civil Division, Commercial Litigation Branch and the U.S. Attorney’s Office of the Northern District of Georgia in the civil investigation of Branch Banking and Trust Read More

We audited the Broward County Housing Authority’s Section 8 Housing Choice Voucher program as part of the activities in our fiscal year 2016 annual audit plan.  Our objective was to determine whether the Authority administered its program in accordance with the U.S. Department of Housing and Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) controls over its certifications of State disaster recovery grantee procurement processes.  We initiated the audit after prior audits identified issues with the procurement certification completed for the State of New Read More

We audited P.K. Management Group, Inc. (PKMG), a contracted field service manager in HUD’s real estate-owned Management and Marketing III program, as part of the activities included in our 2016 annual audit plan and because it was the sole contractor performing property preservation and protection Read More

We audited the Inglewood Housing Authority’s financial management of its Housing Choice Voucher program due to a hotline complaint allegation and the U.S. Department of Housing and Urban Development (HUD), Los Angeles Office of Public Housing’s concerns about the Authority’s financial management Read More

We audited the State of New Jersey’s Community Development Block Grant Disaster Recovery-funded Superstorm Sandy Housing Incentive Program contract.  We conducted the audit because the contract involved a significant amount of funds ($67.7 million), was critical to the implementation of three Read More

We audited Folts, Inc.’s management of the Folts Adult Home and Folts Home projects to address our concern with U.S. Department of Housing and Urban Development (HUD)-assisted health care facilities.  We selected this auditee as the result of a risk assessment of nursing homes located in New Read More

We audited the State of Oklahoma because it received $93.7 million in Community Development Block Grant Disaster Recovery (CDBG-DR) allocations for presidentially declared disasters that occurred in 2011, 2012, and 2013.  The substantial amount of CDBG-DR funding required a review of the Read More

We audited the Housing Authority of the City of Rock Island, IL’s Housing Choice Voucher program based on the activities included in our 2016 annual audit plan and our analysis of risk factors related to the public housing agencies in Region 5’s jurisdiction.  Our audit objective was to Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of legal costs at housing agencies participating in the Moving to Work Demonstration program based on (1) congressional concerns, (2) concerns from a previous external audit, and (3) our initiative to focus HUD Read More