We audited EdgeAlliance, Inc.’s Continuum of Care program funds for The Daniel R. Ruscitti Phoenix House (project).  The audit was part of the activities in our fiscal year 2015 annual audit plan.  We selected the project for review based upon a citizen’s complaint.  Our objectives Read More

In response to a request made by the Housing and Urban Development (HUD) Office of Community Planning and Development (CPD), the Office of Inspector General, Office of Evaluation reviewed State qualified action plans to determine whether States included alternative building standards that are Read More

In accordance with the Chief Financial Officers Act of 1990, as amended, we are required to annually audit the consolidated financial statements of the U.S. Department of Housing and Urban Development (HUD) and the stand alone financial statements of the Federal Housing  Read More

The Federal Information Security Modernization Act of 2014 (FISMA) directs the Office of Inspector General (OIG) to conduct an annual evaluation of the U.S. Department of Housing and Urban Development (HUD) information security program.  FISMA, Department of Homeland Security (DHS), Office of Read More

We are required to audit the consolidated financial statements of the U.S. Department of Housing and Urban Development (HUD) annually in accordance with the Chief Financial Officers Act of 1990 as amended.  This report supplements our independent auditor’s report on the results of our audit Read More

In accordance with the Chief Financial Officers Act of 1990 (Public Law 101-576), as amended, the Office of Inspector General (OIG) is required to audit the financial statements of the Federal Housing Administration (FHA) annually. The scope of our audit included FHA’s fiscal years 2015 and 2014 Read More

We reviewed information system controls over the U.S. Department of Housing and Urban Development’s (HUD) computing environment.  This review was conducted as part of the Office of Inspector General’s audit of HUD’s financial statements for fiscal year 2015 under the Chief Financial Officer’s Read More

This report presents the results of our audit of Ginnie Mae’s fiscal years 2015 and 2014 (restated) financial statements, including our report on Ginnie Mae’s internal control and test of compliance with selected provisions of laws and regulations applicable to Ginnie Mae.  For the second Read More

(Source: Realtytoday.com) Real estate attorney, Hyacinth Bellerose, pleaded guilty in participating in a wide-ranged scheme to defraud banks and mortgage companies. The scheme was done as part of a conspiracy involving sham "short" sales of numerous residential properties in the Merrimack Valley Read More

(Source: CBS6 News) ALBANY -- Public housing is a program designed to help low-income families by giving them a roof over their head.  Last year, about 1.1 million families received public housing assistance.   However, people continue to use the system - even after their salaries Read More

We audited the multifamily project, Glenbrook Manor, in Stamford, CT, based on a request by officials from the U.S. Department of Housing and Urban Development’s (HUD) Hartford, CT, Office of Multifamily Housing Programs.  Our audit objectives were to determine whether Glenbrook Manor Read More

We assisted the U.S. Department of Justice (DOJ) in conducting an investigation of SunTrust Mortgage, Inc.’s underwriting practices for Federal Housing Administration (FHA)-insured loans.  On June 17, 2014, DOJ and the Consumer Financial Protection Bureau, along with 49 State attorneys Read More

We are required to audit the consolidated financial statements of the U.S. Department of Housing and Urban Development (HUD) annually in accordance with the Chief Financial Officers Act of 1990 as amended.  Our objectives were to evaluate HUD’s internal controls over financial reporting and Read More

We audited the Office of the Commissioner for Municipal Affairs’ Section 108 Loan Guarantee program as part of our strategic plan and based on the deficiencies noted during our recent review of Municipal Affairs’ Section 108 Loan Guarantee program, concerning the slow progress of the Vieques Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) procurement and administration of its multifamily mortgage loan and property management servicing and accounting contract.  We conducted this review based on concerns communicated to the HUD Office of Inspector General ( Read More

We completed a review of the Freeport Housing Authority’s administration of its low-rent housing and homeownership programs.  We selected the Authority due to a request from the U.S. Department of Housing and Urban Development’s (HUD) New York Office of Public and Indian Housing officials. Read More

The Inspector General Act of 1978 requires the Inspector General to prepare semiannual reports summarizing the activities of the Office of Inspector General for the preceding six-month periods. The semiannual reports are intended to keep the Secretary and the Congress fully informed of significant Read More

We completed a review of the City of New York, Office of Management and Budget’s administration of the Community Development Block Grant Disaster Recovery Assistance (CDBG-DR) funds awarded to the City as a result of damages caused by Hurricane Sandy.  This review was related to the Read More

In accordance with the Chief Financial Officers Act of 1990 (Public Law 101-576), as amended, OIG is responsible for the conduct of the annual financial statement audit of FHA.  Our work includes the audit of FHA’s balance sheets as of September 30, 2014 and 2013, and the related statements Read More

In accordance with our regional plan to review public housing programs and because of a complaint filed with the Office of the Inspector General (OIG) and issues identified by new management, we performed a review of the Rotan Housing Authority (Authority).  The complainant and Authority Read More