Confidently navigate the complex regulatory environment of affordable housing.
CliftonLarsonAllen (CLA) professionals understand a wide range of approaches and opportunities to affordable housing. We help by providing a broad spectrum of services for a variety of affordable housing entities.
What’s on your mind?
- Understanding changing regulations
- Compliance issues for audit, tax, Real Estate Assessment Center (REAC), and cost certifications
- Navigating financing opportunities
- Tax credit application assistance
- Identifying regulatory and compliance issues that threaten tax credit and housing and urban development (HUD) project eligibility
- Planning for tax credit year 15 exits at project inception
A unique approach
Affordable housing offers numerous financing opportunities through HUD, tax credits, and tax-exempt financing, all of which enrich and support local communities, while also benefiting current and future affordable housing developments. Projects must comply with various reporting and regulatory obligations that must be carefully navigated.
Mistakes in any project phase are costly and can lead to financial consequences and risk of disqualification from future programs. CLA blends experience in the industry with a wide range of resources. We support public housing authorities, state housing credit agencies, and operators, sponsors, and developers of HUD and low-income housing tax credit (LIHTC) projects.
Our approach begins with understanding your vision. During pre-application and pre-development, CLA can assist in determining a project’s feasibility by providing financial projections. We work with you to identify opportunities and mitigate challenges from development and construction through occupancy.
We support your regulatory compliance process through annual financial statement audits, tax compliance, and on-going education as changes occur.
Services for the affordable housing industry
- Application preparation and support
- Feasibility analysis and financial projections
- Cost certification and carryover allocation reporting
- Financial statement audits and tax return preparation
- Federal tax programs (Opportunity Zones, NMTC, HTC, etc.)
- Annual REAC submission and agreed upon procedures (AUP) reporting
- Regulatory compliance education and training
- Transaction analysis and due diligence
- Tax credit year 15 exit strategies and planning