Audit Memorandum-2025-FO-0802
HUD Open Obligations Review Results
Deobligate the 101 program obligations totaling $1,967,991.45 identified for deobligation
during the fiscal year 2024 OOR that had not been deobligated as of February 28, 2025.
HUD Incorrectly Approved $42 Million in Operating Subsidies for Phase-Down for Demolition Add-On Funding
Obtain and review support (as identified in recommendation 1D) for $15.1 million in unsupported phase-down funding in fiscal years 2004 and 2005, determine the correct amount of phase-down funding, and require the public housing agencies to reimburse HUD for any ineligible funding received.