|
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
|
|