A significant portion of our practice is concentrated in the area of Affordable Housing. M Group professionals have provided tax, audit and consulting services to over 100 affordable housing projects which include a wide variety of:
- Low income housing tax credit projects
- Tax exempt bond financed projects
- HUD assisted projects, historic tax credit projects
- Non-profit providers
Additionally, members of the M Group advisory team have extensive experience in development, construction, management, compliance and syndication of affordable housing projects. We also provide consulting services regarding the structuring of syndication, financing and purchase transactions.
Accounting and Auditing
We perform audits in accordance with generally accepted auditing standards for many affordable housing projects. In addition, we perform services that are unique to low income housing tax credit projects, including carryover allocations, cost certifications and other agreed upon procedures. M Group is equipped to navigate through the complexities of the LIHTC program, tax-exempt bond issues, credit enhancement vehicles, and derivative products.
We have extensive experience with HUD assisted and insured housing programs. Our services for government assisted projects include audits performed in accordance with:
- Government Auditing Standards
- Mortgagors and contractor cost certifications
- Assistance with electronic filings
M Group is focused on avoiding problem issues such as mortgage reductions, surplus cash distributions and other regulatory agreement provisions.
Tax Planning and Compliance
We provide various tax planning and compliance services for affordable housing projects focusing on the key tax issues facing these projects. Members of the M Group team have extensive experience regarding important issues such as:
- Determination of eligible basis
- Partner at risk rules and limitations
- Developer fees into eligible basis
- Credit recapture
- Placement in service issues
Consulting
M Group assists developers, owners and managers of affordable housing projects with a wide range of special services, specifically designed to deal with the complexities of affordable housing. We have advised clients in connection with:
- Low income housing tax credit applications
- Transaction structuring
- Tax credit syndications
- Accounting system implementation
We have developed working relationships with a number of affordable housing agencies including HUD and the Texas Development of Housing and Community Affairs, which enable us to effectively represent clients in connection with affordable housing projects.
Contact M Group, LLP Today
Since 2008, M Group, LLP, has provided a broad range of financial and consulting services to individuals and companies in every level of the real estate industry. By building relationships and working closely with every client, we can utilize resources equivalent to a national firm while maintaining the comfortable, personal level of service that only a local firm can provide. To contact M Group, LLP, call our office in Southlake, TX, today at 817-865-1360 or email us at info@mgrouptx.com.