Housing Finance Agency
State of New York Mortgage Agency
The Housing Finance Agency (HFA) and the State of New York Mortgage Agency (SONYMA) are public benefit corporations created to support housing and homeownership programs. HFA and SONYMA participate in the New York State Health Insurance Program (NYSHIP), which provides health insurance coverage to active and retired State and local government employees and their dependents. In audit 2008-S-52, we examined HFA’s and SONYMA’s practices for enrolling individuals and their dependents in NYSHIP, and found that they were not always obtaining sufficient documentation from their employees to demonstrate that individuals being enrolled as dependents qualified for this coverage under State rules. We recommended that HFA and SONYMA obtain and maintain such documentation. When we followed up on our audit recommendations, we found that they had been implemented.
For a complete copy of Report 2010-F-4 click here.