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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.

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.