Affordable Housing

Low-income housing organizations are some of the most highly regulated organizations. How do you extract yourself from the business of managing complex financial matters and focus on your organization’s core mission?

Chances are your organization has a multi-entity structure that requires multiple audits that need to be completed in a timely fashion for banks, investors and federal funders such as HUD. We know and understand the operating environment and government requirements, and we can complete multiple audits simultaneously with minimal drain on the time and energy of your staff. And, we are experts in federal compliance audits. Some of the region’s most significant providers of affordable housing trust Clark Nuber with their accounting needs.

Funding for affordable housing often comes from multiple sources—grants, loans, contributions, tax credits—and financing packages are subject to rigorous reporting requirements. With Clark Nuber, you can be sure your reports are not just accurate but also tell the story of your organization’s successes and goals.

Our professionals have experience in:

• Financial statement and Single Audits.
• Stand-alone audits of Low Income Housing Tax Credit (LIHTC) projects.
• Final cost certification audits for LIHTC projects.
• Consulting on improving compliance with federal awards.
• Consulting on New Markets Tax Credit (NMTC) program.
• Forms 990, 1065, and other tax compliance forms.