- HUD REAC AFS Submission Due Dates
Les, Good morning. Is the 90-day blanket extension on the filing of the AFS to REAC overwritten by a 30-day…
- Housing choice voucher program with Covid rental assistance
We are auditing a nonprofit who receives subsidies from housing choice vouchers. It is my understanding that we would not…
- prevailing wage requirements.
I have a client that has asked a question about prevailing wage requirements. It is a multifamily non-profit entity with…
- HUD loan extension fee
Hi Les, I have a property that is being charged a loan extension fee from their lender for not closing…
- Loan Advance from Reserve for replacement
I have a client who was advanced $50,000 from their R4R account to assist with expenses of a fire. They…
- only non major section 8 program
I work with 3 HUD projects that have paid off their HUD insured mortgages and their original HAP contracts are…
- Auditor Non Compliance Code
I am completing the schedule of Findings, Questioned Costs, and Recommendations. For S2700-055, Non Compliance Information, the HUD chart of…
- Reserve for replacement disbursements – line S1000-030
An FHA Section 232 Project , in accordance with the Q&A for External Stakeholders Coronavirus, Question 10, had released funds…
- Residual Receipts Compliance Issue
Hello Les, Hope you and your family are all well. We have a not for profit Section 232 project that…
- COVID Supplemental Payments
With the COVID-19 Supplemental payments HUD notice 2020-11 notes the projects should use their excess residual receipts up before requesting…
- REAC Extension
We have a client that is a nursing home, they applied for an extension for the REAC filing. Berkadia who…
- Surplus Cash Calculation
Good afternoon, I am working with a HUD project that did a loan modification at the end of 2020. They…