- 223(f) Affirmative Fair Housing
I have downloaded both the basic compliance matrix and the audit guide compliance matrix v2019 from the website. The information…
- Rent credits related to Covid
We are currently auditing a section 223(F) HUD-Insured project for 2020. The entity gave all tenants $100 credits for March…
- Covid Footnote
Les Last year we included a note with regard to the uncertainty of COVID in the 2019 financial statements. I…
- COVID Supplemental payments
Are the COVID 19 supplemental payments considered federal awards on the Schedule of Federal Awards. If so, are the listed…
- PPP Question (tired of these yet?)
Les, I posed the question to my client with a 223(f) project (market rate, non-subsidized) about whether they sought permission…
- Related party payables
Good afternoon, I have several HUD projects where their parent company pays all of the invoices and employees on the…
- Disaster Loan
Hi, I'm working on an audit for a client with a 223f mortgage that got the SBA disaster loan. The…
- Cash out proceeds
Hi Les!I am auditing 3 NFP HUD projects that refinanced their mortgages toward the end of 2020. They are all…
- sec 8 in 2 projects 1 ein
hello Les, we have an entity that owns 2 projects, each one is project based section 8. each project received…
- PPP/HUD Loan
Les - Looking at your response regarding PPP Loan taken by management co and allocated to project. Do you think…
- HUD audit requirement when loan is paid off 12/31/20
My client paid off their 3 HUD insured mortgage on 232 properties as of 12/31/20. What are the audit requirements…
- Consecutive Failing REAC Inspection Scores
Les, We have been engaged to audit a project that operates under a HUD regulatory agreement for Multifamily Housing Projects…
