The newly renamed Housing Alliance Houston has created a new accounting team and instituted new tenant file inspections, per a recent update required by HUD.
Housing Alliance Houston, the new incarnation of Houston's housing authority, released a summary of actions it is taking to solve "material" deficiencies in their financial reporting and recordkeeping. The Department of Housing and Urban Development asked the agency to submit quarterly updates on how it is addressing its issues in April.
According to a Houston Chronicle article by R.A. Schuetz, "Major changes have included assembling an accounting team, checking 3% of tenant files each quarter and inspecting properties quarterly."
As Schuetz explains, the update noted that a team of five accountants is working on addressing the problems and ensuring the accuracy of income statements and balance sheets. "The authority is also transitioning tenants to a 'caseload management model,' assigning each household a specific staff member who would be fully responsible for them." The agency says it will increase monthly reviews of tenant files "until compliance is restored."
Read the full story: Houston housing authority outlines fixes after years of audit failures
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