Housing and Urban Development (HUD)
DOZ provides annual audit services to approximately 975 for profit and not-for-profit entities that receive assistance from HUD. We use our extensive experience within the HUD multifamily industry to work with our clients to facilitate open communication and build lasting relationships within the HUD structure. Our professionals are experts in guiding clients through the complexities of HUD’s various multifamily guidelines and programs including but not limited to project-based Section 8 housing assistance payments contracts (HAP), capital advances under Section 202 and 811, insured mortgages under Section 221(d)4, 221(d)3, 223(a)7, 223(f) and other various HUD programs.
Services
- Annual HUD financial statement audits
- Annual REAC submissions
- Final HUD cost certification
- Mortgagor
- General Contractor
- Sub-Contractor
- Determinations of distributable cash flow
- Annual and semi-annual surplus cash calculations
- Identification and resolution of key compliance issues
- Client assistance in responding to HUD-Department Enforcement Center (DEC) referrals
- Tax consulting, preparation and filing
- Evaluation of partnership agreement structuring
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