Affordable Housing Accounting Services

The affordable housing industry is a highly specialized area requiring equally specialized accounting expertise. When in-depth knowledge can determine the fate of high-stakes projects, trust Friedman’s affordable housing accounting, tax and consulting advisors to help bring your project to fruition.

Affordable housing projects come in many shapes and sizes. Yet, each project involves a multifaceted and interwoven mix of financial, construction, operational, compliance and exit requirements. As owners, developers, syndicators, lenders, managers and investors endeavor to make plans and dreams a reality, they rely on Friedman’s affordable housing accountants and advisors to help them:

• Achieve sound financial performance
• Liaise between project stakeholders to protect and promote their best interests
• Maximize debt and equity sources from project inception through completion

Our Affordable Housing Services team is renowned as one of the nation’s most capable accounting and financial resources in the sector. We are uniquely qualified to help you for many reasons:

• Deep experience navigating complex procedures in both the public and private sectors, as well as federal, state and local regulations that impact this industry
• In-depth knowledge of incentive programs at all levels
• The capabilities and capacity to handle specialized audit and reporting requirements
• An understanding and appreciation for sophisticated vetting processes, tight time frames and stringent external and internal time parameters

Knowledge is only valuable when backed by a powerful service approach. In evaluating your options, expect nothing less than the highly personalized and responsive service we deliver. Our intangibles – senior-level engagement, prompt and accurate responses to questions, collaborative interaction with management, frequent communication and quick issue resolution – form the bedrock of successful relationships that stand the test of time. 

To build your foundation for success, connect with a member of the Affordable Housing Services team, or contact us.

Beyond traditional accounting, audit and tax services, Friedman offers specialized assistance to Low Income Housing Tax Credit projects, as well as HUD and state agency financed programs, including:

• Opportunity zone consulting
• HUD audit and program compliance
• Deal structuring
• Taxable and tax-exempt bond deals
• Tax credit application assistance
• Cost certification
• Carryover allocations
• HUD REAC filings

We also provide pre- and post-acquisition services, including:

• Due diligence
• Compliance monitoring
• Disposition programs, including Year 15 consulting