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Affordable Housing

Owners, developers and management agents of affordable housing projects may sometimes feel like they are jumping through hoops to succeed in their highly-regulated industry. For both multifamily housing entities and public housing authorities, it can be daunting to maintain a firm grip on financial reporting while keeping up with ever-changing compliance requirements.

MCM is a regional leader in the affordable housing industry, representing clients in major markets across Kentucky, Indiana, Tennessee and Ohio. MCM’s Affordable Housing Services Team is comprised of audit- and tax-focused CPAs with governmental, for-profit and not-for-profit expertise, as well as real estate industry professionals.

Our services include:

For Public Housing Authorities For Multifamily Housing Properties

  • HUD annual audits & compliance procedures
  • REAC & FDS
  • PHAS & SEMAP compliance testing
  • Tax credits & cost certification
  • Yellow Book & Single Audit
  • Current on HUD notices & guidelines
  • Federal & state grants
  • Project-based management
  • Moving to work
  • Mixed finance & mixed income development activities
  • Component units and related entities
  • Agreed-upon procedures
  • Business activities
  • RAD conversion
  • HUD annual audits & compliance procedures
  • Assistance with REAC compliance and submission
  • Low Income Housing Tax Credit (LIHTC) annual audits & compliance procedures
  • Rural Development (USDA annual audits & agreed-upon procedures)
  • Assistance with Forms RD 3560-10 & 3560-7
  • Tax return filing, planning & advisory services
  • Cost certifications
  • Credit maximization consulting
  • Tax credit carryover analysis
  • Tax-exempt bond financing
  • Cash flow waterfall analysis
  • Partnership & LLC structuring

With a thorough understanding of the unique financial reporting and compliance requirements of this highly-regulated industry, our team is well equipped to ensure our clients’ maintain efficient and effective operations that positively impact their communities. For more information, contact MCM Partner Rebekah Payne, CPA, 317.224.1278.

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Personnel Profiling joins MCM

Effective July 1, 2014, Personnel Profiling, Inc. has joined the team at Mountjoy Chilton Medley, Kentucky’s largest CPA & advisory firm. With MCM, we’ll continue to offer the same top notch HR assessments, services and tools, now coupled with a greater breadth of in-demand expertise and services. You can now find the PPI main office and staff at MCM’s downtown Louisville headquarters.

Read About The Merger Continue to MCM's Website