- Procurement Under Uniform Guidance
I work on 3 not for profit multifamily projects, and they have always gotten prices for purchases and repairs, and…
- Forgiveness of Debt for Nonprofit Multifamily
My client has a Section 202 Capital Advance (included in net assets) and Section 8 PRAC (non-major program). They also…
- Loan/Grant Agreement
I have a non-for profit client which received a loan/grant from the city of [redacted] for the purchase of a…
- Security Deposits
I have a section 202 Project which has 159 units of which only 63 receive section 8 Subsidy. Recently I…
- Distribution Question
My client closed on their HUD loan on 10/29/2015 and is getting their first audit as of 12/31/2016. They appropriately…
- Management Agent’s Internal Control for Compliance
We have been looking for the HUD Guidelines for Management Agent's internal control for compliance - what is their responsibility.…
- Residual Receipts Recapture for PRAC Contracts
One of my clients received the following document from HUD and notification that the residual receipts balances for their PRAC…
- Transmittal Letter Financial Reporting
We are in the process of doing our internal firm inspection. One of the questions on the checklist for review…
- Repayment of Related Party Loan
Can you direct me to the guidance with respect to how a non-profit section 202/811 property can repay loans from…
- Nonprofit HUD Temporarily Restricted Contributions
I have a nonprofit HUD client that received a $100k temp restricted cash donation from an individual. The cash was…
- Capital Leases – Surplus Cash
For a HUD regulatory agreement prior to 2011, do you include the next months capital lease payment as a reduction…
- Section 232 Rent Change
We audit several HUD entities that lease the facility to nursing homes, operated by a related party. Do they need…