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Welcome to the Affordable Housing Association
of Certified Public Accountants' (AHACPA) Website, the most
valuable affordable housing financial guidance on the Web.
Continuing Professional Education 2009 We have the dates set for our Multifamily Conference and Lender Update in Las Vegas at Planet Hollywood. The Multifamily Conference will be December 2-3, 2009 and the Lender Update will be December 4, 2009. Most
of our
Multifamily Update and Lender Update courses are scheduled. The list of
dates and registration information can be found on our CPE
Calendar.
Analytical
Review Project
In 2005 and 2007 AHACPA undertook a project to collect Multifamily
operating data from REAC filings submitted to HUD. We
collected operating data on over 800 and 1,400 HUD-approved entities,
respectively. That data was made available without charge to
all who participated in the project. We will be collecting that data again (2008 year-ends) in the next month.
One of the areas we are focusing on this year is audit fees. Given the
increase in procedures required by the Guide in 2008, we are very interested
in obtaining data in relation to these increased procedures. It is hoped
that such data will be useful in discussions with HUD regarding future
adjustments of the Guide.
AHACPA will compile the data and provide summarized results by state, region
and unit size. Those that provide us data will receive the summary at no
charge. At no time will any confidential information such as name,
tax ID number, or FHA contract number be entered into the database. All
information collected will remain anonymous. To participate in the project please send us your 2008 year-end profit &
loss information from the REAC submission. We will need you to provide the following
information for each entity: Entity Type (non-profit, profit-motivated)
State where the entity is located
Number of units or nursing home beds
Type of HUD assistance (i.e., Section 8, Section 202, Section 232,
Section 221(d)(4),
Audit fees (if not already listed in line item 6350 on the REAC
submission
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