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HUD OIG 2026-FW-1002: The U.S. Virgin Islands Housing Finance Authority's Fraud Risk Management Practices Are At or Below The Lowest Desired Level

Collection
Audits & Oversight
Entity
Virgin Islands Housing Finance Authority (VIHFA)
Date
2026-03-24
Type
Audit
Identifiers
GAO-21-177, 2026-FW-1002, 2023-FO-0001

Office of Audit and Evaluation | Office of Inspector General U.S. Department of Housing and Urban Development The U.S. Virgin Islands Housing Finance Authority’s Fraud Risk Management Practices Are At or Below The Lowest Desired Level Audit Report Number: 2026-FW-1002 March 24, 2026 Highlights The U.S. Virgin Islands Housing Finance Authority’s Fraud Risk Management Practices Are At or Below The Lowest Desired Level| 2026-FW-1002 What We Audited and Why Fraud poses a significant risk to the integrity of federal programs and erodes public trust in government. For the U.S. Department of Housing and Urban Development’s (HUD) disaster recovery programs, fraud results in communities and individuals not receiving needed assistance to recover from and mitigate future disasters. Departments are required by law to develop and maintain governance structures, controls, and processes to safeguard resources and assets. A robust fraud risk framework helps to ensure that programs fulfill their intended purpose and that funds are spent effectively. We audited the U.S. …

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