---
kind: "section"
citation: "24 C.F.R. § 266.510"
title: "24"
number: "266.510"
heading: "HFA responsibilities."
url: "https://uscodex.org/cfr/24/266.510"
---

# §266.510. HFA responsibilities.

- (a) **Inspections.** The HFA must perform inspections in accordance with the physical inspection procedures in [24 CFR part 5](/cfr/24/part5.md), [subpart G](/cfr/24/subpartG.md) (Physical Condition Standards and Inspection Requirements).
- (b) **Annual audits of projects.** The HFA must analyze projects' annual audits and provide a copy to HUD along with a summary of unresolved findings and actions planned, with target dates, to correct unresolved findings.
- (c) **HFA's annual financial statement.** The HFA must provide HUD with annual audited financial statement in accordance with the requirements of [2 CFR part 200](/cfr/2/part200.md), subpart F.

## Notes

### Amendments

[59 FR 62524, Dec. 5, 1994, as amended at 63 FR 46578, Sept. 1, 1998; 65 FR 16296, Mar. 27, 2000; 80 FR 75936, Dec. 7, 2015; 85 FR 83444, Dec. 22, 2020]

### Authority

Authority: 12 U.S.C. 1715z-22.; 42 U.S.C. 3535(d).

### Source

Source: 59 FR 62524, Dec. 5, 1994, unless otherwise noted.

### Amendments

[59 FR 62524, Dec. 5, 1994, as amended at 63 FR 46578, Sept. 1, 1998; 65 FR 16296, Mar. 27, 2000; 80 FR 75936, Dec. 7, 2015; 85 FR 83444, Dec. 22, 2020]