Audit Reports & Memorandums

In accordance with the Chief Financial Officers Act of 1990, as amended, we are required to

annually audit the consolidated financial statements of the U.S. Department of Housing and

Urban Development (HUD) and the stand-alone financial statements of the Federal Housing

We are required to audit the consolidated financial statements of the U.S. Department of Housing

and Urban Development (HUD) annually in accordance with the Chief Financial Officers Act of

1990 as amended. This report supplements our independent auditor’s report on the results of our

The Chief Financial Officers Act of 1990 (Public Law 101-576), as amended, requires the Office

of Inspector General to audit the financial statements of the Federal Housing Administration

(FHA) annually. We audited the accompanying financial statements and notes of FHA as of and

This report presents the results of our audit of Ginnie Mae’s fiscal years 2018 and 2017 financial statements, including our report on Ginnie Mae’s internal control and test of compliance with selected provisions of laws and regulations applicable to Ginnie Mae. In fiscal year 2018, for the fifth consecutive year, we were unable to obtain sufficient, appropriate evidence to express an opinion on the fairness of the $3 billion (net of allowance) in nonpooled loan assets from Ginnie Mae’s defaulted issuers’ portfolio as of September 30, 2018.

We audited the Newark Housing Authority’s Housing Choice Voucher Program.  We selected the Authority for review because the U.S.

We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of its Community Compass Technical Assistance and Capacity Building (Community Compass) program.  We conducted the audit because we received a complaint alleging that HUD did not ensure that the program operated in compliance with applicable requirements and we had not audited the program.  Our audit objective was to determine whether HUD had adequate oversight of its Community Compass program to ensure that it complied with applicable requirements.

We audited the City of Hattiesburg’s HOME Investment Partnerships (HOME) program based on a referral from the U.S. Department of Housing and Urban Development (HUD), Office of Community Planning and Development’s field office in Jackson, MS, to address a request by the City’s mayor for a comprehensive review of the City’s HOME program.  In addition, we selected the City for review in accordance with our annual audit plan.  The objective of our review was to determine whether the City administered its HOME program in accordance with HUD’s and its own requirements.

We audited the City of Chicago’s Department of Public Health’s (Department) Lead Hazard Reduction Demonstration Grant Program based on our analysis of the U.S. Department of Housing and Urban Development’s (HUD) Office of Lead Hazard Control and Healthy Homes grantees in Region 5’s jurisdiction.  Our audit objective was to determine whether the Department administered the Program in accordance with HUD’s and its own requirements.

We audited Rainbow Terrace Apartments based on our analysis of risk factors related to multifamily projects in Region 5’s jurisdiction and the activities included in our fiscal year 2018 annual audit plan.  Our objective was to determine whether the project’s owner and management agent operated the project in accordance with the regulatory agreement and the U.S. Department of Housing and Urban Development’s (HUD) requirements.

We audited Hamilton County’s subrecipient agreement with People Working Cooperatively, Inc. (corporation), for a Community Development Block Grant-funded housing repair services program based on a request from the U.S.