Affordable Housing
We Help You Make Sense of Affordable Housing Requirements
Whether you are an entity or an investor looking to develop an affordable housing project, Rubino has the expertise to guide you through HUD audits, assist with low-income housing tax credit audits, and craft a strategy for ensuring ongoing compliance. We provide complete audit and accounting services for entities looking to make a difference and provide housing for those who could otherwise not afford it.
Failed audits and incomplete financial statements can mean sanctions that impair your ability to operate. Fortunately, these can easily be avoided through proper recordkeeping and a partnership with an expert who understands the complexity of affordable housing accounting.
All of our engagements are led by skilled professionals with specific industry knowledge in order to provide superior service to our clients.
- Audits of Financial Statements
- Reviews and Compilations of Financial Statements
- Attestation Engagements, Agreed-Upon Procedures, and Special Reporting Engagements
- Compliance Monitoring
- Cost Certifications
- Employee Benefit Plan Audits
- HUD, Single Audits
- Internal Control Audits
- Single Audits
- Tax Compliance
- Long-Term Strategy
Affordable Housing Entities Have Complex Operations
When Is a HUD Audit Required?
A HUD audit often goes beyond the traditional requirements of an annual financial audit. It requires multiple supporting documents and specific information. Beyond providing financial data, as one would with a typical financial audit, HUD also require entities to submit data that ensures they are compliant with HUD requirements.
Affordable housing audits can be complicated, as they consist of financial statements and compliance audits. These audits can be complex, the rules always change, and your location may have specialized requirements, which is why you need a specialized partner that understands these nuances. Rubino provides complete audit preparation and review services. We understand the documentation, we know the process, and we will put together a plan that keeps your entity compliant for years to come.
