Affordable Housing

 

Unique and Sometimes Nearly Impossible Obstacles

Our affordable housing clients encounter unique and sometimes nearly impossible obstacles in developing and maintaining affordable housing properties.  While the need for more Affordable Housing persists, the competition lt- AH photo-aptsfor increasingly limited funding can be fierce. Successful developers and managers must be proficient in navigating the requirements of federal and state programs in order to maximize competitive advantage and realize efficiencies.

In order to achieve tax-exempt financing, tax credits and the other benefits of being involved in the Affordable Housing programs, dynamic and sometimes complex regulatory and reporting requirements must be met.  Otherwise, organizations risk loss of these benefits and, potentially, the opportunity to participate in future Affordable Housing programs.

Advisors to Developers, Owners and Managers of Over 900 Affordable Housing Properties

We, as a firm, take great pride in helping our clients to succeed in this industry, which is dedicated to the belief that each person deserves an affordable home.  Our firm provides hands-on guidance to navigate the technical and regulatory requirements of the affordable housing industry. We can assist clients with:

  • Regulatory compliance
  • Rural Development and HUD subsidy programs
  • Low Income Housing tax credits
  • Elderly and special needs housing
  • Syndication issues
  • Construction and development
  • Cost certification for new construction or acquisition/rehabilitation
  • Special audit requirements
  • Agreed-upon procedures engagements

Our firm provides audit, accounting and tax services to more than 800 affordable housing properties located throughout the United States. The members of our team have extensive experience with federal low-income housing tax credits, rural development, HUD and mixed-financed developments. For more than 30 years, we’ve assisted owners, developers and managers in the affordable housing industry with services including:

  • Tax credits
  • Financial statement audits
  • Compliance monitoring
  • Agreed-upon procedures engagements
  • Cost certifications
  • 10% carryovers
  • Tax preparation
  • Tax research and planning

Industry Leadership Team

We welcome the opportunity to learn more about you and your specific situation.

Tim Smith, CPA, Partner
Wade Pack, CPA, Managing Partner
Rhonda Skiles, CPA, Partner

Erica Vernon, CPA, Partner
Elizabeth Danner, CPA, Senior Manager
Kimberly Ripberger, CPA, Senior Manager


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