Affordable
Housing Practice
HA&W’s
affordable housing practice offers a full range of assurance,
business and tax planning and consulting services tailored
to fit the needs of the owners, managers and developers.
With a focus on providing innovative ideas and superior
service, we assist our clients with their projects utilizing
financing sources such as low income housing tax credits,
tax exempt bonds, HUD/FHA insurance and other government
subsidy programs.
Specialized
Services
We represent
over 200 clients with a combined ownership of more than
700 housing complexes. We provide a comprehensive range
of services, which are tailored to meet the specific needs
of each client. Affordable housing clients not only depend
on HA&W to provide the basic accounting functions -
such as audits, reviews, compilations of financial statements
and tax planning and preparation - but also the following
specialized services:
| Owners
- Older Assisted Properties |
-
Mark to market analysis and support
-
Response to HUD "Bad Owner" determinations
-
236 IRP decoupling
|
-
Property dispositions & exit tax analysis
-
Cost certifications
-
Tenant compliance & certification
-
Portfolio analysis
|
| Owners
- Tax Exempt Bonds |
- 95/5
Test for good money/bad money
-
Form 8038
-
Arbitrage calculations
-
50% test for LIHTC transactions
|
-
Tenant compliance & certification
-
Debt restructuring
-
501(c)3s
|
| Low-Income
Housing Tax Credit (LIHTC) |
-
Deal structuring
-
Tax credit applications
-
Financial projection preparation & review
-
Comparison of equity offers
|
-
Negotiation with lenders
-
Cost certifications
-
IRS audits
-
State agency compliance issue resolution
|
| Property
& Asset Managers |
-
Development of internal controls
-
Accounting system selection & implementation
-
Organizational analysis
|
-
Reporting structures
-
Procedure definition
-
Compliance testing & file analysis
|
|
