314-205-2510

Affordable Housing Overview

Affordable housing organizations must navigate a wide range of federal and state programs. While these programs offer various opportunities for tax-exempt financing, tax credits and other financial benefits, they carry a number of regulatory obligations that must be met with meticulous compliance.

At Conner Ash, we have extensive experience in all facets of the real estate industry, including affordable housing projects developed by for profit and non-profit entities. We provide audit, tax, consulting, and accounting services to organizations ranging from single entities to projects with multi-state, flow-through entities.

Areas of expertise include:

  • HUD
  • Missouri Housing Development Commission
  • USDA (Rural Development)
  • Low-Income and Senior Housing Developments

Our services in this industry include:

  • Audit, review, or compilation of financial statements, including:
    • 10% percent carryover certifications
    • Cost certifications for low-income housing tax credits & historic tax credits
    • Compilations for interim reports
  • Accounting services and outsourced controllership
  • Comprehensive tax services
    • 1031 like-kind exchanges
    • 1065 return preparation
    • Form 990 compliance and preparation
    • MHDC and USDA credits and incentives
    • Tax planning and consulting
  • Compliance
    • Federal/state/local regulations
    • Entity selection and transactional compliance
    • Establishment and monitoring of internal controls
  • Consulting services
    • Fully-funded security deposits and surplus cash advising
    • Distribution rules for partnerships and other expenses
    • Transaction analysis and due diligence
    • Financial projections and forecasts
    • Cash flow and profitability analysis
  • Strategic planning
  • Merger and acquisition consultation

For more information about our affordable housing real estate practice, please contact Bob Klutho or Alicia Brockland.