Oversight of the Physical Conditions of non-FHA Insured Project Based Voucher (PBV) Units Converted under the Rental Assistance Demonstration (RAD)

HUD OIG is auditing oversight of the physical conditions of non-FHA insured project-based voucher (PBV) units converted under the Rental Assistance Demonstration (RAD) program. RAD was implemented to preserve and improve public housing units and address the nationwide backlog of deferred maintenance and capital needs. The objective of the audit is to assess whether HUD and PHAs have adequate oversight of the physical conditions of non-FHA insured PBV units converted under RAD.

HUD's Oversight of Multifamily Housing Properties with Failing REAC Scores or EH&S Deficiencies

HUD OIG is auditing HUD’s oversight of multifamily housing properties with failing REAC scores or EH&S deficiencies. There has been recent media attention and Congressional and public concern about the conditions of multifamily housing properties, in particular the health and safety of the individuals that reside in Federally subsidized and/or insured housing. The objective of the audit is to determine whether HUD has effective oversight of multifamily housing properties to ensure that the properties are brought to decent, safe, and sanitary condition in a timely manner.

HUD's Oversight of the Physical Conditions of PBRA and FHA-insured PBV Units Converted Under the RAD Program

HUD OIG is auditing HUD's oversight of the physical conditions of project based rental assistance (PBRA) and Federal Housing Administration (FHA)‐insured project‐based voucher (PBV) units converted under the Rental Assistance Demonstration (RAD) program. RAD was implemented to preserve and improve public housing units and address the nationwide backlog of deferred maintenance and capital needs. The objective of the audit is to assess the physical condition of units that converted under the first component of the RAD program.

Effectiveness of the Foster Youth to Independence Initiative Program in Preventing and Ending Youth Homelessness

HUD OIG is auditing HUD’s Foster Youth to Independence Initiative Program.  Our objective is to determine the effectiveness of the FYI program in preventing and ending youth homelessness.  The Foster Youth Initiative is a special purpose voucher program administered by HUD to expand the availability of housing assistance to youths with a history of foster care.

HUD's Oversight of the Physical Conditions of Public Housing Agencies' Developments

HUD OIG is auditing HUD's oversight of the physical conditions of public housing developments. The objective of the audit is to assess whether HUD has adequate oversight of public housing agencies’ corrective actions in response to (1) public housing agencies’ annual inspections and (2) the Real Estate Assessment Center’s periodic inspections to ensure that corrections result in decent, safe, and sanitary housing.

COVID-19 Loss Mitigation

HUD OIG is conducting an audit of COVID-19 loss mitigation. In the summer of 2021, FHA introduced new recovery loss mitigation options for borrowers exiting forbearance, which will provide a path to deep and sustained recovery for borrowers who were significantly impacted by the pandemic by reinstating their loans from a delinquent to current status. Our audit objective is to determine if delinquent borrowers of FHA-insured loans received all available options to stay in their homes after forbearance ended.

External COVID-19 Loss Mitigation

HUD OIG is conducting a review of a nationwide mortgage servicing company that provides servicing and origination for FHA loans. In the summer of 2021, FHA introduced new recovery loss mitigation options for borrowers exiting forbearance, which will provide a path to deep and sustained recovery for borrowers who were significantly impacted by the pandemic by reinstating their loans from a delinquent to current status.
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