Text of Recommendation | Submit a plan for how it will proceed with respect to the Municipality of Dorado hotel project, including a schedule that HUD can track to ensure its completion. HUD must reevaluate the feasibility of the activity and determine the eligibility of the $7,369,000 already invested. If HUD determines that the activity has been canceled or is not feasible, Municipal Affairs must mitigate activity losses by committing any unused loan proceeds for future loan repayments. |
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Recommendation Number | 2015-AT-1001-001-B |
Recommendation Status | Open |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $7,369,000 |
Submitting OIG | |
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Report Title | The Office of the Commissioner for Municipal Affairs Needs To Make Improvements in Administering Its Section 108 Loan Guarantee Program |
Report Submitting OIG-Specific Report Number | 2015-AT-1001 |
Report Date Issued | Thursday, December 4, 2014 |
Report Questioned Costs | $0 |
Report Funds for Better Use | $0 |