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Approximately 31,500 FHA-Insured Loans Did Not Maintain the Required Flood Insurance Coverage in 2020
Impact of COVID-19 on Nursing Homes
HUD OIG is conducting a review of HUD's Office of Residential Care Facilities. Media reports have shown that the COVID-19 virus impacted nursing homes nationwide. Our audit objective is to determine the biggest challenges that nursing home owners face related to COVID-19 and whether they are prepared to meet their future financial obligations.
HECM Corrective Action Verification Review
HUD OIG is reviewing HUD's corrective actions in response to four specific recommendations made in audit reports 2012-PH-0004, 2013-PH-0002, 2014-PH-0001, and 2015-PH-0004. Our prior audits showed that HUD’s controls did not always ensure that HECM loan borrowers complied with program residency requirements.
HUD's Section 184 Real Estate Owned (REO) Trust Property Sales
HUD OIG is reviewing HUD's real estate owned (REO) program for Section 184 Tribal Trust land properties. Through this program, HUD can sell foreclosed properties previously endorsed under section 184 of the Housing and Community Development Act of 1992. The objective of the review is to determine whether HUD is appropriately tracking, marketing, and selling REO Section 184 Tribal Trust Land properties.
2015 Disaster Grant Funds for a Texas Grantee
HUD OIG is auditing a Texas grantee’s 2015 disaster program. In 2016 and 2017, HUD awarded the grantee more than $87 million to address unmet needs from disasters that occurred in 2015. The audit objective is to determine whether the grantee administered and expended its 2015 flood disaster funding in accordance with HUD and its requirements.