California HCD and CalHFA Publish Revised Audited Financial Statements Handbook for Multifamily Rental Housing
The California Department of Housing and Community Development (HCD) and the California Housing Finance Agency (CalHFA) today announced the joint publication of the updated Audited Financial Statements Handbook for Multifamily Rental Housing. The revised audit handbook contains updated requirements for submitting annual certified financial statements or audits for multifamily rental housing developments funded with loans and grants from either HCD or CalHFA. HCD and CalHFA will conduct a training webinar to introduce the updates Sept. 19, from 10-11:30 a.m.
Novogradac’s tax and audit team offers professional services to assist multifamily rental housing owners and managers meet these requirements.