Multifamily Questions

  • Multifamily having due to other related entities

    I have three related entities. Two are multifamily - one has a HUD guaranteed loan ALN 14.135 - one is…

  • ASU 326 CECL

    Good morning Has AHACPA issued any guidance or input on adopting ASU 326 for HUD properties?

  • Owner Certified Reporting

    We have a new client with 1 For Profit HUD audit and 1 Owner Certified Project. They need us to…

  • Reserve for replacement transaction reporting

    A client decided to withdraw all of its reserve for replacement funds from one bank and deposit at another financial…

  • REAC Filing

    Hi, A client entered their information for the owner's certified submission.  is there a way to convert that to the…

  • REAC

    For the REAC submission on a nonprofit HUD, Appendix E states that the mortgagor's certification should be signed by an…

  • ASU 2016 – 18

    Les, In 2019 our firm made the decision to exclude reserves and escrows held by the mortgagee from cash and…

  • Refinance Accounting

    We have refinanced our 2 HUD projects under one mortgage and owner.  We also used funds from the refinance that…

  • Residual Receipts

    Hello, I hope I explain this in a clear manner.  Prior to my employment the company I work for had…

  • Multi-Family Update Part 2

    Hello: I registered and paid for the Multi-Family updates Part 1 and Part 2.  I was unable to attend Part…

  • New Regulatory Agreement

    Hello, We have a few clients that refinanced their 223f loan late 2022 and 2023. The new regulatory agreement allows…

  • Filing deadline – Agreed Upon Procedures engagement

    Good afternoon Les, In meeting the 90 day deadline for submitting the audited financial statements to HUD, is the agreed…

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