| Text of Recommendation | We recommend that the Deputy Assistant Secretary for Grant Programs instruct the Newark, NJ, field office to require Jersey City to provide documentation to support the fair market value of the property at the time of disposition. If documentation cannot be provided, the grantee should be required to reimburse $503,550 to its CDBG line of credit from non-Federal funds. |
|---|---|
| Recommendation Number | 2017-NY-0002-001-D |
| Recommendation Status | Open |
| Recommendation Questioned Costs | $503,550 |
| Recommendation Funds for Better Use | $0 |
| Submitting OIG | |
|---|---|
| Report Title | HUD Could Improve Its Controls Over the Disposition of Real Properties Assisted With Community Development Block Grant Funds |
| Report Submitting OIG-Specific Report Number | 2017-NY-0002 |
| Report Date Issued | Friday, September 29, 2017 |
| Report Questioned Costs | $0 |
| Report Funds for Better Use | $0 |