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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. |
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! |
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