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MULTIFAMILY EXTENSION RUMORS

03/18/2021 - We have received multiple emails today regarding rumors of a potential extension for the multifamily submission for 12/31/2020 Year Ends.  We reached out to REAC to obtain confirmation. They have confirmed that Housing has requested a 90-day extension, and are in the process of obtaining the approvals.

We CAUTION, however, that this is preliminary, and NOTHING HAS YET BEEN APPROVED. Given the lengthy process for HUD to obtain the required signatures, official notice may not be given until sometime late next week. Therefore, official notice, if approved, may not come until right before the March 31st deadline.

We normally would not send such a notice until it is official, however, given the timing we believe it is appropriate give a warning of what MIGHT transpire.

If you choose to act on these RUMORS, you should be aware that there is no guarantee of implementation.

We will post updates as soon as we know more.
This is ALL the information we have at this point.

AHACPA CAN ALLEVIATE YOUR SUBMISSION STRESS

DID YOU KNOW that AHACPA has over 20 years of experience assisting multifamily auditors, owners, and management agents with the submission of their annual financial statements? We can help you with your RAD multifamily submissions too!

Don’t spend your valuable time trying to navigate your way through HUD’s REAC/FASSUB system. Let AHACPA do the data entry for you! We help with errors, validation problems, stub period waivers, extension requests, and other issues. 

PUBLIC HOUSING CONFERENCE WEBINAR - SAVE THE DATE

SAVE THE DATE: With the continued uncertainty of travel due to COVID-19, we will be holding our annual Public Housing Conference as a 3-day webinar on June 9th, 10th, and 11th (total of 16 CPE Credits)

WHO SHOULD ATTEND: Executive directors, Commissioners, PHA Management, Finance Personnel, and CPAs

REGISTRATION: Registration will be available shortly.  Register for 1, 2 or all 3 days.  Each day is $169 per person ($149 for AHACPA Members).  Attend all three days and receive a $50 discount.

TOPICS TO INCLUDE:

  • Updates for all programs impacted by the continuing COVID-19 Pandemic
  • HCV and Public Housing program updates
  • Changes in REAC Reporting
  • New GAAS Auditing and Reporting standards
  • GASB Update
  • HUD focus on pension and OPEBs
  • and MORE

AHACPA
459 N. 300 W. Suite 11
Kaysville, UT 84037
(801) 547-0809
info@ahacpa.org


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