24 C.F.R. § 574.650
§ 574.650 Audit. (24 CFR Part 574)
Operative Text
Grantees and project sponsors are subject to the audit requirements set forth in 2 CFR part 200, subpart F.
Section 574.650 establishes that organizations receiving HOPWA funds—whether as direct grantees or as project sponsors carrying out program activities—must comply with the federal audit standards found in 2 CFR Part 200, Subpart F, commonly known as the 'Single Audit' requirements. These standards set thresholds and procedures for independent financial review of federally funded programs. The rule ensures a consistent, government-wide accountability framework applies to HOPWA funding.
Plain English — not legal advice.
Property owners and managers who participate in HOPWA-funded programs typically work with grantees or project sponsors rather than holding federal awards directly, but those sponsoring entities are bound by the audit obligations under § 574.650. Compliant operators generally maintain organized financial records that can support a grantee's or project sponsor's audit process under 2 CFR Part 200, Subpart F. Understanding that your program partners are subject to these audit requirements can inform how you document HOPWA-related transactions and expenditures.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
As a HOPWA program participant, § 574.650 supports your interests by requiring that the organizations managing your program funds—grantees and project sponsors—undergo independent audits under 2 CFR Part 200, Subpart F. This federal oversight mechanism is designed to ensure that HOPWA funds are being used appropriately and in accordance with program rules. If you have concerns about how funds in your program are being managed, tenant-rights organizations or HUD's oversight resources may be able to point you toward appropriate complaint or inquiry channels.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 3, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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