The North Carolina Department of Commerce Did Not Administer Its Neighborhood Stabilization Program Grants as Required by HUD
We audited the North Carolina Department of Commerce’s Neighborhood Stabilization Program (NSP) grants as part of our annual audit plan because the Department received more than $57 million in NSP1 and NSP3 funding. Our audit objective was to determine whether the Department administered its NSP1 and NSP3 grants in accordance with the U.S.
June 14, 2019
Report
#2019-AT-1004
The Greensboro Housing Authority, Greensboro, NC, Generally Administered Its Rental Assistance Demonstration Conversion in Accordance With HUD Requirements
We audited the Greensboro Housing Authority’s Rental Assistance Demonstration Program (RAD) conversion. Our objective was to determine whether the Authority administered its RAD conversion in accordance with U.S.
May 10, 2018
Report
#2018-AT-1004
The North Carolina Department of Commerce, Raleigh, NC, Generally Administered Its Grant Program in Accordance With HUD Regulations
We audited the North Carolina Department of Commerce’s Small Cities Community Development Block Grant as part of the activities in our annual audit plan. Our audit objectives were to determine whether the Department of Commerce (1) awarded funds to local governments that met a CDBG national objective, (2) spent funds only for activities that were eligible and supported, and (3) included all methods of distribution in its action plan
April 16, 2018
Report
#2018-AT-1003
RMS & Associates, Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
We audited RMS & Associates’ Federal Housing Administration (FHA) loan origination because it was one of the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S.
September 28, 2017
Memorandum
#2017-LA-1803
SecurityNational Mortgage Company, Las Vegas, NV, Improperly Originated FHA Loans for Properties With Restrictive Covenants
We audited SecurityNational Mortgage Company’s Federal Housing Administration (FHA) loan origination because it was among the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S.
September 22, 2017
Memorandum
#2017-LA-1802
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
We audited Venta Financial Group’s Federal Housing Administration (FHA) loan origination because it was one of the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. A previous U.S.
September 20, 2017
Memorandum
#2017-LA-1801
The City of Las Vegas, NV, Did Not Administer Its Neighborhood Stabilization Program 3 Homebuyer Assistance Program in Accordance with HUD Requirements
We audited the City of Las Vegas’, Homebuyer Assistance Program under the U.S.
September 13, 2017
Report
#2017-LA-1008
The Lexington Housing Authority, Lexington, NC, Did Not Administer Its RAD Conversion in Accordance With HUD Requirements
We audited the Lexington Housing Authority’s Rental Assistance Demonstration Program (RAD) conversion. We selected the Authority based on concerns from the U.S.
August 21, 2017
Report
#2017-AT-1011
Clark County, NV, Did Not Always Use Community Development Block Grant Funds in Accordance With HUD Requirements
We audited Clark County, NV’s Community Development Block Grant (CDBG) program. We selected Clark County for review due to its large grant size and the U.S.
April 13, 2017
Report
#2017-LA-1001
The Sanford Housing Authority, Sanford, NC, Did Not Comply With HUD’s and Its Own Section 8 Housing Choice Voucher Program Requirements
We audited the Sanford Housing Authority’s Section 8 Housing Choice Voucher Programs as a result of problems identified during a technical assistance review performed by the U.S.
September 13, 2016
Report
#2016-AT-1013