HUD-Assisted Housing


We have extensive experience in all areas of HUD-assisted housing projects.

HUD-assisted housing organizations must navigate a wide range of federal and state programs. While these programs offer various opportunities for tax-exempt financing, tax credits and other financial benefits, they carry a number of regulatory obligations that must be met with compliance.

At Cornwell Jackson, we have extensive experience in all areas of the real estate industry, including HUD-assisted housing projects developed by for profit-motivated and non-profit entities. Our team maintains high quality standards and stays current on the latest regulations and compliance requirements through continued professional education on HUD, membership into the Affordable Housing Association of Certified Public Accountants (AHACPA), and membership in the BKR Affordable Housing practice group which provides national resources within our BKR accounting affiliation. We provide audit, tax, accounting, and advisory services to a variety of organizations:

Areas of expertise include:

  • HUD multi-family (profit motivated and non-profit)
  • HUD Public Housing Authorities (PHAs)
  • Real Estate Assessment Center (REAC) filings
  • Low-Income and Senior Housing Developments

Our services in this industry include:

  • HUD Audit, review, or compilation of financial statements
  • Comprehensive tax services
    • 1031 like-kind exchanges
    • 1065 return preparation
    • Form 990 compliance and preparation
    • Tax planning and consulting
  • Accounting services and outsourced controllership
  • Compliance and advisory services
    • Federal/state/local regulations
    • Establishment and monitoring of internal controls
    • Distribution rules for partnerships and other expenses
    • Transaction analysis and due diligence
    • Cash flow and profitability analysis

Our goal is to provide you with the most competitive fee and services possible. We have saved some firms up to 30% in the professional fees they pay for a HUD compliance financial audit. How do we do it? It’s simple – technology and process. Our team is experienced and efficient. We use a cloud-based auditing tool that offers a secure client portal on the web to upload documents needed for audits- this saves time on travel, coordination, couriers, etc. and allows our team to start working on audit procedures as soon as documents are uploaded online. Our team can accomplish a great deal at any location and keep hassles at your location to a minimum.

Recent HUD Blog Posts:

Are You Ready for MOR? Affordable Housing Audit Tips to Meet HUD Standards

Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on HUD inspectors to increase their review of funding recipients. Based on a recent presentation we attended on the return of the HUD Management & Occupancy Review (MOR), we outline ways that owners and managers of HUD-funded properties can prepare for a potential MOR.

MOR Questions Your Audit May Not Catch

Although a regular audit of financial statements and disclosures can help property managers prepare for a HUD-sanctioned management and operating review (MOR), there are some differences between HUD Audit Guidelines and the questions covered in a management review through HUD 9834. There are rather obvious differences on HUD 9834, like lead-based paint compliance, vacancy monitoring, … Continue reading MOR Questions Your Audit May Not Catch

Prepare for a Management & Occupancy Review (MOR)

Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on … Continue reading Prepare for a Management & Occupancy Review (MOR)

Are You Ready for MOR? Affordable Housing Audit Tips to Meet HUD Standards

Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on … Continue reading Are You Ready for MOR? Affordable Housing Audit Tips to Meet HUD Standards

Contact our HUD-Assisted Housing Specialist

Call us to arrange an appointment: 972-202-8000 or email us using the links below.


Scott Bates, Partner

Scott joined Cornwell Jackson in 2001 and was admitted to the partnership four years later. Currently, he is leading the rapid growth and expansion of the firm’s business services practice, including outsourced accounting, bookkeeping, and payroll services.

Client Testimonial

“They know our business. I trust them, I can sleep well at night knowing that from an accounting perspective we’re not going to have any problems. I honestly believe they are genuinely happy that we’re successful and they’re working to help make sure that happens.”

Jim Schwab, CrimStone Partners

View our HUD-Assisted Housing Blog