{"id":174,"date":"2022-06-23T16:04:48","date_gmt":"2022-06-23T16:04:48","guid":{"rendered":"https:\/\/sites.ncleg.gov\/ped\/?page_id=174"},"modified":"2022-07-26T16:36:39","modified_gmt":"2022-07-26T16:36:39","slug":"2020-06","status":"publish","type":"page","link":"https:\/\/sites.ncleg.gov\/ped\/2020-06\/","title":{"rendered":"General Assembly Should Improve Oversight of Housing Finance Agency Funds and Expenditures (June 2020)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized h-50 w-50 float-right pl-3 pt-2\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/1.jpg\" alt=\"\" class=\"wp-image-180\" width=\"700\" height=\"600\"\/><\/figure>\n\n\n\n<p>The North Carolina Housing Finance Agency (NCHFA) is a public agency governed by a 13-member board. NCHFA\u2019s independence from certain state government policies and controls over expenditures increases the risk of wasteful or unnecessary expenditures. In addition, several NCHFA statutory funds have limited oversight, which led to an improper use of funds in one instance. The largest fund, the North Carolina Housing Trust Fund is overseen by the North Carolina Housing Partnership, but oversight activity is limited. Further, in violation of its own procurement policy, NCHFA did not have a contract with the private attorney that it pays to serve as general counsel to its board. The General Assembly should clarify that NCHFA is subject to the State Budget Act, direct that statutory funds be transferred to the North Carolina Housing Trust Fund, and improve oversight of the North Carolina Housing Trust Fund.<\/p>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/NCHFA_Funds_Report.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Final Report<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ncleg.net\/PED\/Reports\/documents\/NCHFA_Funds\/NCHFA_Funds_Highlights.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Report Highlights<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/NCHFA_MEC.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Mandatory Evaluation Components<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/D0ylkT6dKnE\" target=\"_blank\" rel=\"noreferrer noopener\">Report Presentation with Audio (YouTube)<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/NCHFA_HighlightsPresentation.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Report Series Highlights Presentation<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/NCHFA_Digest.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Report Series Digest<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/ped\/wp-content\/uploads\/sites\/11\/2022\/06\/NCHFA_Handout.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Handout<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><br>Related Reports:<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/sites.ncleg.gov\/ped\/2020-05\/\">North Carolina Housing Finance Agency Should Improve Performance Management and Reexamine How It Distributes Resources to Localities<\/a>\u00a0(June 2020)<\/li><li><a href=\"https:\/\/sites.ncleg.gov\/ped\/2020-07\/\">North Carolina Housing Finance Agency Can Improve the Effectiveness of Its Rental Development Programs<\/a>\u00a0(June 2020)<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The North Carolina Housing Finance Agency (NCHFA) is a public agency governed by a 13-member board. NCHFA\u2019s independence from certain state government policies and controls over expenditures increases the risk of wasteful or unnecessary expenditures. In addition, several NCHFA statutory funds have limited oversight, which led to an improper use of funds in one instance. [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"class_list":["post-174","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>General Assembly Should Improve Oversight of Housing Finance Agency Funds and Expenditures (June 2020) - Program Evaluation Division<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/sites.ncleg.gov\/ped\/2020-06\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"General Assembly Should Improve Oversight of Housing Finance Agency Funds and Expenditures (June 2020) - Program Evaluation Division\" \/>\r\n<meta property=\"og:description\" content=\"The North Carolina Housing Finance Agency (NCHFA) is a public agency governed by a 13-member board. NCHFA\u2019s independence from certain state government policies and controls over expenditures increases the risk of wasteful or unnecessary expenditures. In addition, several NCHFA statutory funds have limited oversight, which led to an improper use of funds in one instance. 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