HUD OIG is auditing Ginnie Mae's response to audit 2016-KC-0002, which reported on uninsured single-family loans remaining in mortgage backed securities (MBS) pools. Loans that lack FHA, VA, or RHS insurance/guarantees are considered defective and issuers must cure the defect, buy them out from MBS pools or substitute them with other loans of the same term.
GNMA Process and Guidance for Troubled Issuers
HUD OIG is conducting an audit of Ginnie Mae’s guidance and processes for troubled issuers. Our objective is to assess Ginnie Mae’s guidance and processes for handling troubled issuers.
GNMA Financial Crisis Readiness
HUD OIG is reviewing GNMA’s financial crisis readiness program. To ensure its mission, GNMA must be prepared for a broad range of crises, including financial crises, that could impact itself or its issuers. Our objective is to determine whether GNMA implemented a financial crisis readiness program that met industry best practices.
Evaluating Public Housing Agency Challenges With the HUD Veterans Affairs Supportive Housing Program
We conducted this evaluation due to the growing homeless crisis and the U.S. Department of Housing and Urban Development’s (HUD) establishing a goal of ending homelessness. Our objective was to evaluate the challenges that participating public housing agencies (PHA) face in meeting the goals and objectives of the HUD Veterans Affairs Supportive Housing (VASH) program.
The Bay City Housing Authority, Bay City, TX, Did Not Follow Requirements for Its Legal Services Contract, Administrative Costs, and Board Meetings
Based on a complaint and a request from the U.S.
CDBG CARES Act Grantee Challenges
HUD OIG is reviewing HUD’s Office of Community Planning and Development’s (CPD) HUD’s Coronavirus Aid, Relief, and Economic Security (CARES) Act, Community Development Block Grants (CDBG-CV) program. The CARES Act provided $4.9 billion in CCDBG-CV funds to be used to prevent, prepare for, and respond to coronavirus. Our objective is to determine what challenges grantees faced in obligating and spending their allocated CDBG-CV funds
Office of Community Planning and Development’s Use of Remote Monitoring
The Office of Inspector General is initiating an evaluation of the Office of Community Planning and Development’s (CPD) use of remote monitoring between October 1, 2018 and September 30, 2021. Our objectives are to determine (1) what has changed in CPD’s monitoring approach, and (2) what opportunities for improvement exist in CPD’s use of remote monitoring.
Disaster Preparedness of Federal Agencies
HUD OIG will summarize the conclusions/findings and recommendations reported by seven participating OIGs and the General Accountability Office related to natural disaster preparedness. Our objective is to inform Federal agencies and the OIG community of the reported conclusions/findings and recommendations regarding preparing for and responding to natural disast
Veterans Affairs Supportive Housing
HUD OIG is reviewing HUD's Veterans Affairs Supportive Housing (VASH) program. Congress appropriated $40 million in both 2017 and 2018 to serve approximately 10,000 total families and an additional $40 million in 2019. The review objective is to evaluate the challenges that participating Public Housing Authorities face in meeting the goals and objectives of the VASH program.
Status of Office of Native American Programs (ONAP) CARES Act Funds
HUD OIG is conducting a limited review of the emergency Indian Housing Block Grant (IHBG) and Indian Community Development Block Grant (ICDBG) funds authorized under the CARES Act. HUD awarded $200 million in IHBG CARES Act funding and $100 million in ICDBG CARES Act funding. The audit objective is to determine the status of emergency IHBG and ICDBG CARES Act funds and any areas of potential concern.