Accounting Expertise for Low-Income Housing Compliance and Regulation
The U.S. Department of Housing and Urban Development (HUD)-assisted housing programs provide decent and safe rental housing for eligible low-income families, the elderly, and persons with disabilities. Such programs come in all sizes and types, from scattered single-family homes to high-rise apartments. These programs have complex compliance rules and regulations related to:
- Reporting
- Fair housing
- Non-Discrimination
- Mortgage Status
- Replacement Reserve
- Residual Receipts Funds
- Equity Skimming
- Cash Receipts and Disbursements
- Tenant Application Eligibility and Re-Certification
- Tenant Security Deposits
- Management Functions
- Changes to Ownership and Debt Obligations
- Excess Income
- Leased Nursing Homes
- Other Special Requirements for Mark-to-Market Projects
Harper, Rains, Knight & Company, P.A. has over 40 years of experience providing a wide range of services to real estate management companies and HUD-assisted housing programs. This experience allows our professionals to provide our clients with the highest level of service in understanding and complying with these multifaceted rules and regulations. Areas of services provided by our firm include:
- Audit
- Review
- Tax
- Consulting
The professionals at HRK have the experience, background, and commitment to assist HUD organizations and their professionals with the accounting needs, objectives, and day-to-day challenges they face by providing proactive opportunities and practical solutions.