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  • 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
  • Termination of relationship with HUD

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

    2 Agent Answers 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...

    1 Agent Answer 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
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