The U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General audited the Fort Collins Housing Authority’s Village on Redwood Rental Assistance Demonstration Program (RAD) project. We selected the Authority because it had completed the entire RAD conversion process with new construction, and its Village on Redwood RAD project used the largest amount of Federal funds of the State of Colorado projects. Our audit objective was to determine whether the Authority administered its Village on Redwood RAD project in accordance with HUD rules and regulations.
The Authority administered its Village on Redwood RAD project in accordance with HUD rules and regulations for the items reviewed. Specifically, it used Federal funds for eligible purposes, established proper written agreements, maintained its reserve for replacement account, followed requirements for its property disposition, calculated its tenants’ rent correctly, maintained separate books and records, and complied with occupancy requirements.
This report contains no recommendations.