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  • Surplus Cash for Refi'd property that consolidated phases

    Have a HUD client that has a property with two phases, treated as two stand alone projects with their own insu...

    0 Community Answers Jan 19, 2018 10:52AM MST
  • Letter of Intent to Sell

    Our client has a non-binding letter of intent to sell. Our client does not expect that the purchase agreement...

    0 Community Answers Jan 18, 2018 03:02PM MST
  • HUD NFP Data Collection Form

    Les, We have a NFP client that is a multifamily developer, and they now have a NFP HUD project that they ar...

    0 Community Answers Jan 09, 2018 08:44AM MST
  • Group project-based sample owner approval

    We audit approximately 12 multifamily entities with the same management company. We have already determined t...

    0 Community Answers Jan 02, 2018 03:07PM MST
  • Pass through compliance costs

    A non-profit entity was recently told after their annual financial statement review by HUD that they were not ...

    1 Agent Answer 0 Community Answers Nov 27, 2017 12:58PM MST
  • Security Deposits

    During the preparation of the unaudited REAC submission for a multi-family project, tenant deposits held in tr...

    1 Agent Answer 0 Community Answers Nov 21, 2017 01:18PM MST
  • payments made when $0 available surplus cash

    Hi Les, We have a HUD Statement of Condition finding for a payment of the monitoring fee and the reporting...

    1 Agent Answer 0 Community Answers Sep 21, 2017 08:35AM MDT
  • PRAC

    Are PRAC capital advances consider a loan or equity to a new project

    1 Agent Answer 0 Community Answers Sep 15, 2017 01:46PM MDT
  • Recommendations for accounting software

    We have a client that is looking into software options for accounting for their HUD properties and have asked ...

    1 Agent Answer 0 Community Answers Sep 07, 2017 12:20PM MDT
  • what happens to surplus cash after the loan is paid off?

    A non-profit with no mortgage and therefore no regulatory agreement c1ontinues to receive project based Sectio...

    1 Agent Answer 0 Community Answers Aug 28, 2017 07:30PM MDT
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