Section 202 Owner Generally Managed Site in Accordance with Requirements

HUD’s Office of Inspector General (OIG) audited a Section 202 site owner because of concerns raised by HUD’s Departmental Enforcement Center regarding the management of the site. The owner had failed to submit annual financial statements for fiscal years 2013 to 2015. The audit’s objective was to determine whether the owner managed the project in accordance with its regulatory agreement and HUD requirements.

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