Doing well, while doing good

The affordable housing industry can be demanding and difficult, especially in this post-bubble real estate environment. You have multiple reporting requirements and strict budgets to balance with your investors’ expectations. But your professional involvement improves communities, one project at a time. 

To achieve success in the low-income housing tax credit (LIHTC) sector, you need an accounting firm with the strength to support your goals, and the commitment to see you through all aspects of developing your project, raising capital, and compliance.  You need a team that specializes in the complexities of low-income housing tax credit program. Clark Schaefer Hackett’s Construction and Real Estate Group is that team. 

We offer you an edge. Our industry experience provides you a blueprint for profitable projects.  For several decades our advisement of the area’s most prominent players in the LIHTC industry has resulted in successful housing developments, for the developers, investors, and tenants. 

Strengthening Your Project

CSH can advise you throughout your project, ensuring timely annual reporting of the required audits to owners and syndicators. Our expertise comes from decades of experience, as well as involvement with the affordable housing community. We have strong relationships at the departments of Housing and Urban Development (HUD) and Rural Development (RD), the Ohio Housing Finance Agency (OHFA), as well as National Equity Fund, Enterprise Community Investment, and Ohio Capital Corporation for Housing. Our specialists understand both government and industry needs.

Financial services:

• Annual financial statement audit, review and compilations
• Tax compliance, and valuation services
• Carryover certifications
• Audit of owner and contractor cost certification as prescribed by Housing Finance Agencies, HUD and Rural Development
• Real Estate Assessment Center submission services
• Agreed upon procedure reporting 
   

Weathering Disputes

We’ve got your back. We can assist you and your attorney in difficult situations involving affordable housing financing and low-income tax credits, or with any other dispute or litigation that may arise.  Your CSH team will be a strong and steady resource as you weather any storm.

Dispute services:

• Forensic accounting
• Expert testimony
• Schedule and delay analysis
• Audited data or financial statements

Working With a Firm that Fits

Clark Schaefer Hackett fits your organization because we bring the insight and experience of an affordable housing industry insider, while offering the fresh perspective of an outsider.  Our team provides talent comparable to a larger national firm, with the service ethic of a regional firm, and the value-added pricing structure of a local firm.  We serve those who develop, finance, or otherwise support the affordable housing Industry, including over 120 affordable housing properties.

Our clients include:
 

• Affordable housing partnerships
• Not-for-Profit sponsors/developers
• Construction companies
• Governmental housing authorities
• Lenders

To discuss any of the affordable housing industry services you might need, please contact Devesh Kamal at deveshk@cshco.com.