- New HAP Contract for 3 PBV units
I need general information about a 10% maximum cash flow clause in a PBV HAP contract. The project has not…
- Repayment of Related Party Loan
A section 202/811 property has loans from a related party. How may these loans be repaid?
- Schedule of the Status of Prior Audit Findings
I have a pesky reporting question regarding the schedule of the status of prior audit findings, questioned costs, and recommendations.…
- Tenant File Testing – in-person or electronic
We had a client this year that had a box of files lost when it was shipped back to the…
- 232 HUD Replacement Reserves
Can you ask Les if he has guidance on the following relating to section 232 nursing homes or at least…
- HUD GNMA Requirements for bank accounts in excess of 250K
HUD has a requirement for multi families that they need to deposit funds in excess of 250K in an institution…
- Hurricane Damage
A client that owns a HUD insured 221(d)(4) Apartment complex incurred damages from a Hurricane. Insurance proceeds are over $5…
- Related Parties
I have clients who own several 232 facilities within close physical proximity of each other. They are considering using another…
- Refinance and ownership of the Reserve for Repalcement and Residual Accounts
This is a first for me. I have a client who is refinancing their 202 direct loan with a local…
- REAC Thresholds
We audit HUD For-Profit and HUD Non-Profit Multifamily HUD projects. Often, our clients teeter just above and below the $500K…
- Accrued Compensated Absences on Multifamily HUD project
We're auditing a HUD multifamily project that employs it's own employees. There is no management agent or management fee. This…
- HUD insured mortgage – loan balance on the SEFA,
I see that under Uniform Guidance, a project with a loan from HUD has to show the beginning balance of…