| Text of Recommendation | We recommend that the Director, Office of Multifamily Asset Management, require that each Hub or field office review its refinanced Section 202/223(f) projects for debt service savings amounts, utilizing data provided from this audit for possible additional debt service savings. Where legally possible each Hub or field office should identify, account for by project, and use these amounts for current and future opportunities benefiting tenants or to fund reductions in housing assistance payments. |
|---|---|
| Recommendation Number | 2014-NY-0001-001-B |
| Recommendation Status | Open |
| Recommendation Questioned Costs | $0 |
| Recommendation Funds for Better Use | $0 |
| Submitting OIG | |
|---|---|
| Report Title | HUD Did Not Provide Effective Oversight of Section 202 Multifamily Project Refinances |
| Report Submitting OIG-Specific Report Number | 2014-NY-0001 |
| Report Date Issued | Tuesday, February 18, 2014 |
| Report Questioned Costs | $0 |
| Report Funds for Better Use | $0 |