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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.