- Cost Certificate, related party
Construction company has 2% of interest in the sponsor (S LLC). Does it require to disclosure in cost certificate report?…
- Retirement Plans
Is a Project allowed to establish a 401K plan.
- Cash Investments
I have a not for profit multifamily housing project and the Board of Directors raised the questions as to what…
- Surplus Cash & Utility Deposits
In calculating surplus cash, are utility deposits that the company paid to the utility company as a security deposit and…
- Section 202 Eligibility Requirement
We noted the 2019 Compliance Supplement has removed Eligibility as an applicable requirement. Does this mean tenant file testing is…
- HUD Audit Requirement for Nonprofit Owned Subsidiaries
Hello, My client is an nonprofit that receives federal funds and is subject to an audit under Uniform Guidance. This…
- Nursing Home Financial Statements (HUD Sec 232)
Hi, I'm looking for a example audited financial statements submissions to HUD for a for-profit entity with a HUD Sec…
- Deferral of Stub Audit Period
We have a new client that acquired a property in November 2018 so they are within the deferral period; however,…
- HUD Supplemental Information
I have a question on behalf of our firm regarding the supplemental information required to be presented with HUD multifamily…
- Development Costs
We have a new client that underwent a refinance a few years back. As a part of the refinance, a…
- Surplus Cash
What is the appropriate way to handle the following situation: Replacement reserve request was submitted 12/14/18 but not approved until…
- Tenant deposit liability exceeds the cash account
At year end one of our clients had a situation where the tenant deposit liability account exceeded the tenant deposit…