The Department of Housing and Urban Development’s (HUD) Office of Inspector General (OIG) issued its annual Top Management Challenges report for fiscal year 2024 (FY24) on November 15. The report highlights the most serious management and performance challenges facing HUD for FY24 as:

• promoting health and safety in HUD-assisted housing;
• increasing access to affordable housing;
• mitigating counterparty risks;
• grants management;
• enhancing oversight of disaster recovery;
• managing fraud risk and improper payments;
• improving IT modernization and cybersecurity;
• managing human capital; and
• increasing effectiveness in procurement.

The report also discusses HUD’s longstanding challenges with overseeing unit conditions in HUD-assisted housing, with a significant emphasis on HUD’s ability to ensure that housing providers make critical repairs to address emergency health and safety deficiencies and lead hazards.

HUD’s sustained progress in financial management over the last two years is noted as well, including obtaining clean opinions on its financial statement and addressing longstanding financial reporting weaknesses, resulted in HUD OIG removing Financial Management from the list of top management challenges.