- Opening Balance Sheet for HUD Refinance
Hi, I've got a client that refinanced a project that previously had conventional financing (non-HUD) with HUD debt in late…
- How to recognize extra HUD subsidy payments above gross potential.
Hi Les, We have a couple of major HUD projects that have received extra HUD subsidy above the gross potential…
- Semi-annual surplus cash calculation
If a regulatory agreement (for a for-profit multifamily housing project) allows for semi-annual surplus cash distributions, is six months after…
- New owners assumed HAP contracts
Hello, we have a for-profit client that bought two properties with two Section 8 HAP contracts last year. Both contracts…
- reporting requirements when receiving both HAP and Tenant-Based Assistance Housing Choice Voucher Program funds
Hello – Our client is receiving federal funding from each of these programs, neither of which exceed $500k, however in…
- Extensions for 12/31/2020 Year Ends that Received PRF
Good morning, We have a nursing home that has a HUD insured mortgage. They also received and expended Provider Relief…
- Section 232 Surplus cash/ related party balances
Hello - A couple questions. On a Section 232 property, are related party balances only allowed to be paid back…
- Management Company PPP2 Loan
Les, I read the Q&A about a management company obtaining PPP1 and allocating to the properties they managed. My question…
- HUD/PPP loan
I am working on a property audit, where the management company received a PPP loan using the payroll for this…
- HUD approved bookkeeping fees
Is there a location on the HUD website where we can find current approved bookkeeping fees (PUPM) for the Southeast…
- cost cert of additions to existing 221d4 loan project
we have a client who we audit since they opened in 2015 at which time we performed a cost cert.,…
- REAC Due Date
Is the due date to submit OC or OMB-audited financials actually 90 days from FYE, or is it 3months? Ex.…