Transactions Between the Housing Authority of the City of Perth Amboy, NJ and its Nonprofit Subsidiary Did Not Always Comply With HUD Regulations
We audited the Housing Authority of the City of Perth Amboy’s transactions with its nonprofit subsidiary, the Perth Amboy Redevelopment Team for Neighborhood Enterprise and Revitalization (PARTNER), in response to a hotline complaint. The audit objectives were to assess the merits of this complaint and determine whether Authority officials complied with provisions of the Authority’s regulatory agreement and other U.S. Department of Housing and Urban Development (HUD) financial and operational regulations when executing transactions with PARTNER.