Affordable Housing

When you select McKonly & Asbury to work with you in the Real Estate and Affordable Housing industry, you can have confidence that you will be dealing with professionals who know the industry. We have a dedicated team of professionals to serve all of our real estate clients. The insights we provide as a result of our work may mean major savings for your business and the increased likelihood of success for services like funding applications.

Our Team of professionals is known throughout the region for affordable housing and real estate services. We keep our clients on the leading edge in the industry by developing and offering an annual seminar series on relevant issues in affordable housing and writing regularly on industry news in our e-newsletter.

We work regularly with clients in all stages of project development, from blueprint to ribbon-cutting and beyond. Our Team has worked with developers on hundreds of projects totaling multiple millions of dollars in value. Our Real Estate Team is experienced, qualified, and professional.

Our firm is a recognized leader in providing accounting, tax, and consulting services to developers, managers, and interests in affordable housing, commercial and residential property developers, and property management organizations. We have established relationships with PHFA, DCED, FHLB, and other funding sources and assist developers in working through issues with the funding agencies.

We provide a wide range of affordable housing services including:

• Independent audits of financial statements
• Review and compilation services
• Annual tax return preparation
• Cash flow analysis and forecasting
• LIHTC application preparation and review
• Other funding source application preparation and review
• 10% Tests
• Development cost certifications
• Agreed-upon procedures
• Affordable housing training seminars
• Due diligence
  

Our Affordable Housing Team is led by Terry Harris, CPA – Managing Partner, and Elizabeth Brooks, CPA - Principal.  We have developed a special reputation as Pennsylvania experts in the Affordable Housing Industry.  Click on Terry or Elizabeth’s names for a link to their bios, and for more information, contact us at affordablehousing@macpas.com.

Follow our blog in order to get timely industry updates and best practices:

www.affordablehousinggurus.com