Baltimore, MD - The Department of Audits (DOA) completed a comprehensive review of the Department of Housing and Community Development (HCD)’s Homebuyers’ Incentive program for fiscal years 2022 and 2021, focusing on awards, payouts, loan forgiveness and fund recovery when applicable.

The report was presented to the Baltimore City Board of Estimates at its April 3^rd meeting.

DOA examined HCD’s Office of Homeownership and its five incentive programs; Baltimore City Employment Homeownership Program, Buy Into Baltimore, First-Time Homebuyers Incentive Program, Live Near Your Work and the Vacants to Value Booster.

Auditors interviewed key individuals within HCD’s Office of Homeownership, identified the related risks, evaluated the design of certain internal procedures and selected samples to test the effectiveness of various loan processes. The audit team confirmed that duties are properly segregated and that only current authorized personnel have appropriate access to the system.

A full audit report is available on the Comptroller’s website.

Also, at the April 3^rd Board of Estimates meeting DOA presented a Followup Report for Department of General Services (DGS) concerning the agency’s 2020-2019 Biennial Audit. DOA found DGS implemented three recommendations and partially implemented a fourth. 

DOA's Followup Report is available at the Comptroller’s website.