The U.S. Department of Housing and Urban Development – Office of Inspector General audited Berkadia Commercial Mortgage, LLC’s underwriting of the loan to fund the renovation of the Temtor project in St. Louis, MO.  We initiated this audit because the project failed quickly after completion, Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of its Section 203(k) Rehabilitation Loan Mortgage Insurance program as part of the activities in our fiscal year 2014 annual audit plan.  Our audit objective was to determine whether HUD had adequate oversight Read More

(Source: Miami Herald) The Miami-based Carlisle Development Group, once the state’s biggest developer of affordable housing, had a reputation for building some of South Florida’s finest low-income apartments — including a tower in the historic black neighborhood of Overtown with after-school care Read More

(Source: Pacific Daily News) Federal subpoenas were delivered Friday to the Guam Housing and Renewal Authority’s main office, GHURA management confirmed Monday. Albert Santos, GHURA’s interim executive director while Mike Duenas is off island, said while he can confirm subpoenas were served, he Read More

We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of enhanced vouchers provided under its Housing Choice Voucher program based on our annual audit plan.  We focused on vouchers administered by three New York agencies because the related subsidies represented 59 Read More