Debt in the calculation of major programs

ID Status Date Public/Private Industry AHACPA Contact
#13185 Closed public Multifamily _General Support
Customer Reply

We have a multifamily property with 33 units, $125,000 in subsidy, and a HUD guaranteed debt of $2,200,000. Would this be considered a major program because of the debt?

Les Sparks

Edward, under either non-profit ($750,000) of for-profit ($500,000) the loan would be considered a major program.

 

Les Sparks

AHACPA

(801) 547-0809

 

From: AHACPA Support <support@ahacpa.org>
Sent: Thursday, June 18, 2020 8:04 AM
To: les@ahacpa.org
Subject: Debt in the calculation of major programs [NEW]

Write a reply

The ticket has been closed. If you feel that your issue has not been solved yet or something new came up in relation to this ticket, you can re-open it by clicking this link.
Item Status Opt-in Date Opt-out Date Action
Subject
Additional Information
Subject