Government Subsidized Housing

Government Subsidized Housing – Sobol Veltum & Associates provides tax, consulting and financial reporting services to owners of government subsidized housing properties managed by agents, as well as self-managed properties. Our services include audits performed in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. We have extensive experience with compliance audits performed under the Consolidated Audit Guide for Audits of HUD Programs, issued by the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General. These audits encompass testing compliance with the rules and regulations covering Section 8, Section 236, HUD’s “Mark-to-Market” Program, mortgage insurance provided by the Federal Housing Administration, and mortgages issued by HUD and the Pennsylvania Housing Finance Agency.