Report 2014-037 Recommendation 2 Responses

Report 2014-037: California Department of Housing and Community Development: Inconsistent Oversight Has Resulted in the Questionable Use of Some Housing Bond Funds (Release Date: September 2014)

Recommendation #2 To: Housing and Community Development, Department of

To assure the validity of its cost comparisons for Multifamily Housing Program projects, HCD should update the program's historical cost spreadsheet either by including projects it approved after 2008 or by adjusting the tool's data to current values.

6-Month Agency Response

DFA has updated the historical development cost spreadsheet on 9/23/2014 adding the most recent committee approved project development costs (see Attachment AF2a). The information has been posted on the HCD/MHP website (Attachment AF2b).

California State Auditor's Assessment of 6-Month Status: Fully Implemented

60-Day Agency Response

DFA staff are currently updating the historical cost spreadsheet. The spreadsheet will be updated annually.

California State Auditor's Assessment of 60-Day Status: Pending

All Recommendations in 2014-037

Agency responses received are posted verbatim.