- Management Fees
We are working on the compliance end of a multifamily audit and we noticed that the managing agent is charging…
- Change of Ownership
I have a project that is operating as an LLC. There were two members, during 2015, one of the members…
- Stub Period Audit
We have a client who will be closing on the sale of a project in the next couple weeks. It…
- Rules as to Who Gets IPF…General Partner?
I have a client that is a for profit partnership that owns a Hud property that underwent mark to market…
- Audit Finding
If a non-profit multifamily Organization puts more money into its tax / insurance escrow than what would typically be required,…
- Residual Receipts Recapture
Back in June or July 2015, there was a notice from HUD about recapture of residual receipts in excess of…
- Sampling Methods & Risk Assessment
My colleague and I were hoping to clarify some information discussed at the session in order to assist us with…
- Sec 232 Assisted Living Audited Operator’s Income Statement for Cost Certification
Regarding a cost certification audit for a 232 assisted living facility where the partners of the Borrower(Owner)entity are the same…
- Centralized Accounts
I am working with a client who owns 13 HUD insured entities and a number of other non-HUD real estate…
- Section 232 Nursing Home Reserve for Replacement
In the case of a Section 232 HUD property that is leased to a nursing home operating entity, we have…
- Termination of Relationship with HUD
We have two clients that operate Section 202 properties. There are still loan amounts outstanding with HUD and they are…
- Multifamily Mid Year Submission
We have a FYE 12/31/2015 PHA client with Low Rent Housing/Capital Fund program that also had a N/C S/R Section…