The Greensboro Housing Authority, Greensboro, NC, Generally Administered Its Rental Assistance Demonstration Conversion in Accordance With HUD Requirements

Date Issued: 
Thursday, May 10, 2018
Publication/Report Type: 
Audit Reports
Report Number: 
2018-AT-1004
Program Area(s): 
Public and Indian Housing
State: 
North Carolina
Summary: 

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. Department of Housing and Urban Development (HUD) requirements.  Specifically, we wanted to determine whether the Authority (1) executed appropriate written agreements, (2) ensured that project financing sources were secured, (3) maintained separate books and records for the RAD conversion, (4) spent HUD funds for eligible and reasonable purposes, (5) followed occupancy requirements, (6) calculated proper contract rents, and (7) obtained a physical conditions assessment.

The Authority generally administered its RAD conversion in accordance with HUD’s requirements.  It executed proper written agreements, secured project financing sources, and maintained separate books and records.  In addition, it spent HUD funds for eligible and reasonable purposes, followed occupancy requirements, properly calculated contract rents, and renovated its properties consistent with the physical conditions assessments it obtained.

This report contains no recommendations.

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