Month: September 2022

A room being renovated with ladders in background

How Does Resyndication Work For Affordable Housing?

For older multi-family housing properties that need rehabilitation beyond what is possible with replacement reserves, developers will seek outside investors interested in tax credits. New private equity players are assembling funds to support these projects and preserve affordable housing, but the project must be large enough to make it worth their investment. Resyndication is one

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Group of employees volunteering

5 Ways to Get More Out of Your Career

There are plenty of opportunities for accounting career development here at LvHJ. When you’re in a rut or you feel like you’ve been doing the same thing for far too long, you can always make a change for the better. It all starts from within. Whether you are a seasoned professional or an intern just

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Family smiling sitting in front of laptop

New Broadband Access Grant Program for Affordable Housing

Developers in underserved communities will have access to federal passthrough state grants to lower installation costs of broadband internet in new developments and existing multi-family properties. The grants will help finance delivery of free Wi-Fi access to residents. Part of the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), the Broadband Equity, Access, and Deployment Program

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Preparing for Your Single Audit

For many not-for-profits, federal funding is vital for sustaining programming and operations. However, the funding could carry requirements for compliance and financial reporting. For example, if a not-for-profit entity expends $750,000 or more in federal funds in its fiscal year, this will trigger the requirement for a single audit under the Uniform Guidance for testing

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