- MRN Payoff
Les, Our client paid off its MRN in 2022 and the balance of 2021 surplus cash was applied to accrued…
- Presenting Impairment on Real Estate in REAC
Good afternoon - I have a Client with multiple Multi-family facilities. On a portion of those properties, they have recognized…
- Audit Requirement – Section 8 Housing Choice Voucher
Good afternoon, We have a not-for-profit organization that has a new Section 8 tenant-based assistance Housing Choice Voucher Program HAP…
- Residual Receipts
I have a Section 202 with project based section 8 that refinanced March 2020 into a 223(f) mortgage loan. This…
- Lease Liability
We have a non-profit client that has a long term lease for the land on which the housing project was…
- Section 8 Tenant-Based Subsidies
Good afternoon. We picked up a HUD audit with a 223(f) program. Their tenants receive Section 8 tenant-based subsidies through…
- Replacement Reserve Release in lieu of PRAC payment leading to Surplus Cash
Hi, We have a unique situation that I haven't run into before. It is a HUD 202 Project with a…
- 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…