Affordable Housing

Unique and Sometimes Nearly Impossible Obstacles

Our affordable housing industry practice is one of our firm’s largest practice areas. We provide assurance, tax and advisory services to more than 1000 affordable housing entities located throughout the United States.  Our clients encounter unique and sometimes nearly impossible obstacles in developing and maintaining affordable housing properties. We, as a firm, take great pride in helping our clients to succeed in this industry, which is dedicated to the belief that every person deserves a place to call home.  Our firm provides hands‐on guidance to navigate the technical and regulatory requirements of the affordable housing industry.

Advisors to Developers, Owners and Managers

In order to achieve tax-exempt financing, tax credits and the other benefits of being involved in the Affordable Housing programs, dynamic and sometimes complex regulatory and reporting requirements must be met.  Otherwise, organizations risk loss of these benefits and, potentially, the opportunity to participate in future Affordable Housing programs.

Affordable Housing Programs
U.S. Department of Housing and Urban Development
Sections 202, 811, 232, 236, 223(f), 221(d)(3) and 221(d)(4)
U.S. Department of Agriculture Rural Development
Low Income Housing and Historic Tax Credits
Bond Financing
Elderly and Supportive Housing
Community Housing Development Organizations

BRC’s Affordable Housing Services:  Assurance, Tax and Advisory Services

  • Financial statement audits, reviews, and compilations
  • Tax preparation, research, and planning
  • LIHTC cost certifications for new construction and acquisition/rehabilitation
  • HUD mortgagor and contractor cost certifications
  • Agreed‐upon procedures engagements, including annual HUD REAC submissions
  • Regulatory compliance monitoring

Consulting: LIHTC applications, HUD firm commitments, construction and development, acquisitions, dispositions, syndication issues and more…

Affordable Housing Associations

Our firm is active in several affordable housing associations:

  • Council for Affordable and Rural Housing (CARH) – Trustee Advisory Member
  • Virginia Council for Affordable and Rural Housing (VCARH) – Member
  • Carolinas Council for Affordable Housing (CCAH) – Member
  • National Affordable Housing Management Association (NAHMA) – Member
  • Southeastern Affordable Housing Management Association (SAHMA) – Member

Let’s get started today!

Download Information Summary Sheet

Rhonda Skiles Tax Practice Area Leader

"Affordable Housing is one of our largest practice areas at BRC.  Our team has been collaborating with clients on Affordable Housing and tax incentivized approaches to real estate since this industry formalized almost thirty years ago.  We enjoy working with clients to plan their best course of action based on their particular set of circumstances."