State Auditor Report

Delaware State Housing Authority Basic Financial Statement Audit – Full Report

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Mentions of “SUBSIDIES” — 7 found on pages 15, 33, 35, 38, 40, 41, 112

… pt of $10,745,545 in Emergency Rental Assistance Program Funds for the purpose of providing housing rental assistance subsidies offset by: (1) the transfer of administrative fees of $1,952,447 from the Single Family Mortgage Revenue Bond Program …

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… ge loans, (3) purchase qualified mortgage loans from mortgage lenders, and (4) apply for and receive assistance and subsidies under programs from the Federal government and others. The Authority is authorized to issue bonds and notes in or …

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… dmitted to, or requiring supportive services from, a state -supported institution. The program will utilize rental subsidies administered by the Authority for households referred by the Department of Health and Social Services (DHSS) and the …

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… f the Authority’s public housing sites. • Housing Choice Voucher Program (HCVP) - This program provides housing subsidies through the Authority’s consolidated MTW program to eligible low -income individuals and families to rent existing pr …

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… oucher program. • Delaware Housing Assistance Payment (DE HAP) - This program provides housing rental assistance subsidies through Coronavirus Relief Funds from the State of Delaware of $7,500,000 coupled by funding from HDF, Home4Good, an …

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… 799,868$ • Emergency Rental Assistance Program (ERA) - This program pro vides housing rental assistance subsidies through funding provided under the Consolidated Appropriations Act and the American Rescue Plan Act. The goal of ERA …

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… eaknesses in the design of internal controls and processing errors made by DSHA allowed erroneous payments of rental subsidies to be made and not detected. DELAWARE STATE HOUSING AUTHORITY SCHEDULE OF FINDINGS AND QUESTIONED COSTS - CONTINUED …

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Referenced entities

Vendors named in this document

63 mentions Pages: 2 5 6 7 9 13 17 18
37 mentions Pages: 32 42 43 44 46 47 55 68
14 mentions Pages: 14 17 35 40 49 58 60 62
3 mentions Pages: 37
2 mentions Pages: 52 54
1 mention Pages: 66

Vendor names in text

Delaware Rental Preservation CorporationDiamond Fund, IncFederal Home Loan Mortgage CorporationFiduciary Fund Corporate Notes include a NOVARTIS Capital CorpHuling Cove Housing CorporationPartner CorporationPublic -Private and Public -Public Partners

Programs

Assistance Loan ProgramAssistance ProgramAuthority Loan ProgramCapital Fund ProgramComprehensive Housing Counseling ProgramContract Administration ProgramCounseling ProgramDDD Grant ProgramDEHAP ProgramDSHA Loan ProgramDSHA Second Mortgage Assistance ProgramDelaware Emergency Mortgage Assistance ProgramDelaware Mortgage Mediation ProgramDistricts Grant ProgramDowntown Development Districts Grant ProgramDowntown Development Districts ProgramERA ProgramEmergency Housing Voucher ProgramEmergency Rental Assistance ProgramEmergency Solutions Program

Statutes cited

29 Del. C. § 290631 Del. C. § 4015