ONAP COVID-19 Recovery Programs Implementation Challenges
HUD OIG is auditing HUD’s ONAP COVID 19 Recovery Program, which includes funds provided by the Coronavirus Aid, Relief, and Economic Security (CARES) and American Rescue Plan (ARP) Acts. Congress provided over $1 billion in ONAP CARES and ARP grant formula and competitive funding. Our objective is to determine the challenges that Native American and Hawaiian tribes face in implementing and utilizing the funding provided by the CARES and ARP Acts and how ONAP has helped the tribes navigate the COVID-19 recovery programs available.
Audit of GSA's Response to COVID-19: Assessment of Water Quality in GSA-Controlled Facilities
The preliminary objective of the audit is to determine if GSA implemented guidance from the Centers for Disease Control and Prevention and the U.S. Environmental Protection Agency, as well as followed GSA policies, to ensure the water is safe in GSA-controlled facilities after decreased occupancy from the COVID-19 pandemic.
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. Our objective is to determine if the servicer provided all available options to borrowers with FHA insured loans to help them stay in their homes after the COVID-19 forbearance ended.
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.
Inspection of Indoor Air Quality in Unrenovated Space at GSA Headquarters Building
The Office of Inspector General, Office of Inspections, is conducting an inspection of indoor air quality in the unrenovated space at the GSA Headquarters Building. Our objectives are to assess the potential impact of building occupancy in Wings 0 and 3 of the Headquarters Building on indoor air quality, ventilation, filtration, and circulation test results, and; to identify any actions GSA has taken, is taking, or plans to take, in implementing Centers for Disease Control and Prevention and other guidance for a safe work environment to mitigate risks in these unrenovated areas.
Audit of GSA's Response to COVID-19: Assessment of Indoor Air Quality in GSA-Controlled Facilities
The focus of this audit is to determine whether GSA's Public Buildings Service (PBS) has taken appropriate steps during the COVID-19 pandemic to ensure that indoor air quality in GSA-controlled facilities meets applicable federal and industry standards. Our audit objectives are to determine whether PBS has (1) implemented Centers for Disease Control and Prevention and Occupational Safety and Health Administration guidance to mitigate and prevent the spread of COVID-19 in GSA-owned facilities, and (2) adhered to federally adopted industry standards for acceptable indoor air quality.
Fraud Risk Management Assessment and Fraud Risk Identification
HUD OIG is conducting an audit to assess HUD’s overall fraud risk management program, and to identify fraud risks for funds that HUD received from the Coronavirus Aid Recovery and Economic Stability Act and American Rescue Plan Act. Our objectives are to 1) assess HUD’s progress in implementing a fraud risk management framework, at the enterprise and program office levels, that encompasses control activities to prevent, detect, and respond to fraud; and 2) develop an inventory of fraud risks that HUD has not already identified for the funds appropriated by the CARES and ARP Acts for the Tenant-Based Rental Assistance, Project-Based Rental Assistance, HOME Investment Partnerships, and Public Housing Operating Fund program.
Evaluation of the Federal Reserve System’s Loan Purchase and Administration for Its Main Street Lending Program (MSLP)
In response to the COVID-19 pandemic, the Federal Reserve System established the MSLP—composed of five different lending facilities—to facilitate lending to small and medium-sized for-profit and nonprofit organizations. Through the MSLP, the Federal Reserve Bank of Boston (FRB Boston) purchased 1,830 loans amounting to approximately $17.5 billion from lenders; the majority of these loans were purchased during the last 2 months of the program. Following the purchase of the loans, FRB Boston is now responsible for administering the loans, including assessing overall credit risk and identifying substandard loans. FRB Boston leveraged third-party vendors to support both loan purchases and loan administration. We plan to assess the MSLP’s processes for loan purchases and loan administration, including the design, implementation, and operating effectiveness of internal controls.