- Disbursement of excess loan funds for a new project
Good morning, We audit a multifamily for-profit newly constructed apartment complex insured by HUD. At closing after all expenses were…
- SURPLUS CASH STATEMENT
Can you tell me exactly what items can go under Line 8 on HUD Form 93486 Surplus cash (loans and…
- Section 232 Excess Distributions
We have a client with multiple 232 projects where the 12/31/17 and 6/30/18 surplus cash calculations were done incorrectly (replacement…
- Distributions from non-critical repair account
We are performing a 12/31/18 audit of a for-profit client with a HUD Section 223(f) Coinsured Loan. In the prior…
- Disallowed Distributions
A Property in 2018 made disallowed distributions in the second half of the year (distributed more than surplus cash at…
- Utility Discount in Tenant Income
Hello! We have a client that is including a tenant's CARE (low income( discount from their PG&E bill (California utility…
- Compliance requirements for Project-Based Section 8 Housing Assistance Payents
I’m preparing an audit of a for-profit property where use of the HUD Consolidated Audit Guide is required. We have…
- Operating Funds in Money Market Mutual Fund?
We have a client who is using an overnight sweep into a Morgan Stanley Money Market Mutual Fund to earn…
- Question Regarding ASU 2016-14
We are working on some 12/31/2018 year end audits of not for profit HUDs. We are struggling with one item…
- Reporting question
Good morning: I have a question that relates to an entity that has a HUD-held mortgage that is under the…
- Liquidity disclosures
Does the AHACPA have an example of a Liquidity and Availability footnote under the new NFP reporting requirements?
- Capital Advance reporting
I attended Part I and II of the AHACPA webcast on the annual HUD update and I’m trying to contact…