Audit of the Operations of the Homestead and Home Loan Program

The Office of the Virgin Islands Inspector General released its audit report on the operations of the Homestead and Home Loan Program. The Department of Housing, Parks and Recreation failed to: manage its accounts receivables; ensure that loans were distributed in a fair and equitable manner; distribute loan proceeds according to the provisions of the V. I. Code; deposit legislative appropriations into the correct account; and, maintain adequate record keeping practices to justify loans granted. To view the report, click here.