We performed a limited review of the Washoe County HOME Consortium (Consortium) because it received an allocation of more than $4.6 million in Neighborhood Stabilization Program (NSP) funding as a subgrantee of the State of Nevada. Our objective was to determine whether the Consortium had sufficient capacity and had established adequate methodologies to implement the NSP requirements in accordance with U.S. Department of Housing and Urban Development (HUD) rules and regulations.
The Consortium generally had sufficient capacity and adequate methodologies in place to implement the NSP requirements in accordance with HUD rules and regulations. Specifically, (1) it had structured its policies and procedures to conform to NSP requirements; (2) the homeownership, rental, and downpayment assistance activities were underway; and (3) it had established adequate monitoring to track progress.
Washoe County HOME Consortium has applied for additional funding for NSP under the American Recovery and Reinvestment Act of 2009 and based on our review, should have the capacity to manage the additional funds requested.