Industries / Affordable Housing
Market conditions, interest rates, and credit tightening can impact your real estate project. SEK knows that in the Affordable Housing arena, projects have layers of additional complexity and that the stakes are even higher when it comes to finding people places to live and helping communities prosper.
Our extensive work with affordable housing developers has provided us familiarity with federal regulations affecting the industry, and our team receives specialized training related specifically to Affordable Housing organizations. Whether you are a low-income housing developer, builder, syndicator, investor, not-for-profit organization, or housing authority, SEK can keep you in compliance so you can focus on developing more affordable housing.
We have over 20 years of experience working with the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Agriculture (USDA) Rural Development Services, and the Pennsylvania Housing Finance Agency. We have also worked extensively with other state tax credit-financing agencies.
We currently perform professional services for over 50 Low-Income Housing Tax Credit Projects and other affordable housing entities in Pennsylvania and Maryland. The size of these projects ranges from 6 units to over 130 units.
SERVICES WE OFFER
- Audits, Assurance, and Agreed-Upon Procedures
- Tax Planning & Compliance
- 10% Carryover Test
- Final Cost Certifications
At SEK, we understand the nuances in the law and the critical tools needed to develop sustainable communities. Contact us today to get started!
Over the years, SEK has been engaged by a number of nonprofit and limited partnership owners of affordable housing properties managed by the Cumberland County Housing and Redevelopment Authorities to complete year-end audits. Their professionalism and expertise related to compliance and financial reporting ensures our agency meets all the requirements and regulations imposed by federal and state governing agencies.
Peggy BowerFinance DirectorCumberland County Housing and Redevelopment Authorities