Multifamily Questions

  • Signed up for wrong course/Webinar

    I signed up for the 9/7/2022 which already took place and needed to sign up for these seminars: 11/4/22 11/10/22…

  • HUD Single Audit for prior years

    We have been engaged to do a HUD Single Audit on a property with a Section 202 capital advance and…

  • Lease Standard

    Do you you have any guidance on how the new lease standard will affect Section 811 or Section 2020 HUDs?

  • HUD audit of 202 project for year end 2016

    I have been asked to do a Single Audit of a 202 loan program that has a Capital Advance loan…

  • HUD REAC Error Code

    Les, I processed a handful of 30-day extension requests this week and all of them worked except for one.  I…

  • For Profit Financial Statement Exampe

    Dear Les and Kathy In the past you have had on the website a set of for profit financial statements…

  • Prepayment on early mortgage payoff

    If a HUD insured mortgage is refinanced with another HUD insured mortgage, must the early payoff fee on the original…

  • PPP Loan

    Good Morning Les, My client's management company received a PPP Loan during 2021 and distributed approximately $34,000 to the multifamily…

  • BRSPA Calculation

    Hi Les, We have 221(d)(4) project, we have issued our audited 92330. The lender is questioning couple of lines on…

  • PTET

    Hi Les, Has HUD released an official position on pass through entity taxes? I assume it would be considered an…

  • Status of new audit reports

    Hey, Les - I know the AICPA has issued the new audit guides for governmental and single audits, but we…

  • Operating funds before closing

    Hello, We are auditing a multifamily new construction project under 221(d)(4). Closing has not occurred. We are currently doing the…

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