NYC Government Publication
Audit Report on the Department of Housing Preservation and Development Cornerstone Program (ME09-077A)
An audit report was filed on August 5, 2009 on the Department of Housing Preservation and Development (HPD) Cornerstone Program. The audit determined whether HPD ensured that the goals of the Cornerstone Program were met. The scope of the audit was Fiscal Year 2008 (July, 2007 through June 30, 2008). It was determined that HPD generally ensured the primary goals of the Cornerstone Program were met, however, there were a number of deficiencies in its implementation of the program. HPD did not maintain accurate information on number of developments participating in the Cornerstone Program, or on the number of affordable units being developed as a result of the first three Cornerstone RFPs. The housing lottery process, along with the oversight of the qualifications of the tenants, also had control weaknesses. Recommendations were made to rectify these issues.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2009-08-05
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7263_Audit_Report_on_the_Department_of_Housing_Preservation_and_Development_Cornerstone_Program.pdf | 2020-05-09 | Download |