Specialty assurance practice

Affordable & Low-Income Housing Audits

Audits for HUD, HPD, and LIHTC properties — where the reporting rules are their own discipline.

Who this is for

Owners and general partners of NYC affordable housing projects with agency or investor reporting obligations.

What we handle

01

HUD audits

Audits performed under the HUD Consolidated Audit Guide, with the required supplemental schedules.

02

LIHTC compliance

Low-income housing tax credit reporting, including 8609 support and investor requirements.

03

HPD & agency filings

New York City agency reporting prepared to the format and deadline each program requires.

04

Regulatory agreements

Covenants tested and reported, so a violation is identified by us rather than by the agency.

05

Replacement reserves

Reserve funding, withdrawals, and approvals reconciled and documented.

06

Investor reporting

Partnership-level reporting for syndicators and equity investors, delivered on their schedule.

Questions we get
Do you know the HUD Audit Guide requirements?

Yes. HUD audits carry their own guide, supplemental schedules, and submission process, which is why general-practice firms usually decline them.

It can be. We scope a single engagement that satisfies both, rather than running two overlapping audits.

Typically within 90 days of fiscal year end for HUD submissions, with investor deadlines often earlier. We work backward from the earliest one.

This is one of our specialty audit practices. We also perform audits, reviews, compilations, and financial statement preparation for businesses of every kind.

Not sure which level you need?

We’ll help you choose the right assurance for where your business is headed.