Housing and Urban Development (HUD)

DOZ specializes in audits performed in accordance with the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and for not-for-profit entities, the Single Audit Act Amendments of 1996, and the provisions of OMB Circular A-133.   DOZ provides annual audit services to over 1,000 entities as required by the Single Audit Act Amendments of 1996, the provisions of OMB Circular A-133, and HUD.  DOZ is experienced with for-profit and not-for-profit entities receiving all types of HUD assistance, including:

  • Direct loans or grants under Sections 202 and 811 of the National Housing Act (NHA),
  • Mortgages insured by HUD pursuant to Sections 221(d)3, 221(d)4, 223(a)7, 223(f), 231, 232 and 236 of the NHA,
  • Section 8 rental assistance for direct loan and insured properties, or project rental assistance contracts for properties that received Section 202 or 811 capital advances, and
  • Interest credit agreements related to Section 236 mortgages before and after decoupling.

Our significant experience results in a staff that is well versed on the requirements of the Consolidated Audit Guide for Audits of HUD Programs (the Guide).  We have created a streamlined audit approach that meets the Guide’s requirements, but results in effective and efficient audits for our clients.  DOZ professionals have also offered free seminars in various cities educating management agents on the latest revisions to the Guide and other periodic HUD changes.

In addition to this experience and the affordable housing experience noted above, we have significant experience with ancillary community development programs in which not-for-profit organizations operate.  Such programs include Affordable Housing Program Conditional Grants, Affordable Housing Trust Fund Program Funding, Community Development Block Grants, other Federal Funding such as Grants from the Department of Veterans Affairs, Department of Energy, and the Department of Health and Human Services, Emergency Shelter Grants Programs, Green Retrofit Program for Multifamily Housing Grants, Housing Opportunities for Persons with AIDS, HOME Investments Partnership Program Funds, Neighborhood Stabilization Program Grants, Section 4 Capacity Building for Community Development and Affordable Housing Grants, and Service Coordinator Cost Reimbursement Grants.

DOZ provides annual audit services to long-term care facilities that receive assistance from HUD. We use our extensive understanding of the long-term care industry to address the unique needs of our clients. Facility owners and operators will benefit from our access to financial institutions and understanding of the current lending market. We help our clients obtain financing assistance through a number of different HUD programs, including the HUD Section 232 Program.  Some of DOZ’s services include:

  • Annual financial statement audits
  • Internal control reviews
  • Lease agreement reviews
  • Lessee compliance audits
  • Property and business valuations