Affordable Housing

Over the past 25 years, Henderson & Godbee, LLP has developed an expertise in Governmental Affordable Housing Programs. Our knowledge of the HUD and Rural Development programs and Department of Treasury and DCA regulations gives us the ability to meet the needs of our clients from the planning and cost certification stages through the successful completion of the compliance period. We work with developers, investors and management companies, both for-profit and non-profit, helping them achieve their goals of providing affordable housing to areas in need and achieving satisfactory investment rates of return.

The Affordable Housing Team is led by Affordable Housing Tax Partner, Jim Godbee, Audit Partner, Mark Rogers, and Affordable Housing Manager, Amanda Shapard. Our staff stays up-to-date with annual continuing professional education courses specific to affordable housing.

Services

• Audits of RD programs, such as 515 and 538

• Audits of LIHTC properties

• For-profit and non-profit Audits of HUD assisted programs, specializing in Section 224(d)(4), Section 8 Rental Assistance and Mark-to-Market

• Review of tenant files

• Review and consulting of partnership agreements specific to LIHTC partnerships

• Predevelopment consulting

• Calculation of first year credits (LIHTC)

• Tax services

• LIHTC certification for carryover allocation (10% Test)

• LIHTC placed-in-service cost certification

• Audits of Public Housing Authorities

• Agreed upon procedures for various programs of the American Recovery and Reinvestment Act of 2009

Firm Memberships

• Affordable Housing Association of Certified Public Accountants

• Georgia Association of Housing and Redevelopment Authorities

• Georgia Affordable Housing Coalition