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  • Termination of relationship with HUD

    We have two clients that operate Section 202 properties. There are still loan amounts outstanding with HUD an...

    0 Community Answers Aug 16, 2017 07:57AM MDT
  • Group Project-Based Sampling

    We audit approximately 45 multifamily entities, all with the same management company. No issues have been iden...

    0 Community Answers Aug 15, 2017 12:42PM MDT
  • Audit report

    would you have an example of the auditors report when the project is sold and assets distributed, resulting in...

    1 Agent Answer 0 Community Answers Aug 07, 2017 01:07PM MDT
  • Surplus Cash distribution and reporting thereon

    Our client calculated Surplus cash and did a distribution based on the June 30, 2017 financial results. I hav...

    2 Agent Answers 0 Community Answers Aug 04, 2017 08:39AM MDT
  • capital advance

    If a HUD 202 Advance is made to a non-profit sponsor for the purpose of investing a multi-family partnership (...

    1 Agent Answer 0 Community Answers Jul 18, 2017 10:02AM MDT
  • Refinance and ownership of the Reserve for Repalcement and Residual Ac...

    Les, This is a first for me. I have a client who is refinancing their 202 direct loan with a local bank whi...

    2 Agent Answers 0 Community Answers May 17, 2017 09:30AM MDT
  • Major Program Determination - UG

    We are auditing a nonprofit with a HUD loan balance of $900,000 and Section 8 receipts of $300,000. The audit...

    1 Agent Answer 0 Community Answers Apr 04, 2017 05:35PM MDT
  • Mid-Year Distributions Under Old Regulatory Agreement

    Les, I've run into a similar situation for a question that was posed last week on this site regarding ...

    1 Agent Answer 0 Community Answers Mar 28, 2017 10:14AM MDT
  • REAC Inspection Summary Report

    When a REAC Inspection Summary Report is prepared for a Project, does the results have to be included in the A...

    1 Agent Answer 0 Community Answers Mar 27, 2017 01:45PM MDT
  • Management letter

    I have a management letter of nonmaterial noncompliance required to be given to my client - should that be inc...

    1 Agent Answer 0 Community Answers Mar 27, 2017 05:26AM MDT
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