The Office of the Comptroller of Puerto Rico issued a qualified opinion on the fiscal operations of the Municipality of Bayamón. A qualified opinion is issued when noncompliances, individually or together, are significant but not pervasive.
The Report reveals that the Municipality invested $865,479 in the development of the Palmer Atrium housing project that was not carried out and has not been of use to date. The nonprofit Corporation contracted in 2012 to build the apartments for low-income people in accordance with the parameters of the federal HOME program stopped the development of the project and transferred the property to the Municipality in 2019.
To that effect, the Municipality has to return $738,570 to the Federal Department of Housing. This amount corresponds to the development of the land and administrative expenses of the funds of the Home Investment and Partnership Program (HOME) of the Federal Department of Housing (Housing and Urban Development- HUD).
The one-finding audit notes that the Municipality granted the aforementioned corporation, for the development of the Palmer Atrium housing project, the designation of Community Housing Development Organization, without having the required capacity and experience to perform these contracted services. In addition, its Board did not include among its members residents of low-income communities as provided by HUD regulations.
The Report comments that, as of October 12, 2018, the Municipality had not recovered $500,751 corresponding to the recommendations of audit reports M-14-36 of 2014 and M-10-36 of 2009.
This second report on Bayamón covers the period from January 1, 2015 to January 31, 2018.
See Audit Report M-21-12.
To see other published reports, visit our Audit Reports section.
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