Comprehensive HUD audit services for subsidized multifamily housing projects ranging from 85 to 500+ units. Full REAC compliance, guaranteed.
Since 1985, Wilson & Associates has been the trusted audit partner for owners and managers of HUD-subsidized multifamily housing. We specialize exclusively in HUD programs — this is not a sideline for us, it is our core expertise.
Our deep knowledge of HUD regulations, REAC submission requirements, and the Consolidated Audit Guide means your audit is handled by professionals who understand the unique complexities of subsidized housing accounting.
We handle audits for every major HUD multifamily housing program, ensuring specialized expertise for your specific requirements.
Audits for properties receiving Section 8 Housing Assistance Payments (HAP). We ensure compliance with HUD Handbook 4370.2 and proper accounting of rental subsidies.
Specialized audits for Section 202 Supportive Housing for the Elderly program, including Capital Advance and Project Rental Assistance Contracts (PRAC).
Audits for Section 811 Supportive Housing for Persons with Disabilities, covering both Capital Advance and PRAC funding sources.
Audit services for properties that have undergone HUD’s Mark-to-Market restructuring program, including debt restructured and renewed HAP contracts.
Comprehensive audits for all FHA-insured multifamily housing projects, ensuring proper compliance with mortgage covenants and regulatory agreements.
Full preparation and electronic submission of annual financial statements to the Real Estate Assessment Center, meeting all HUD formatting requirements.
Our proven timeline ensures you meet every deadline without stress.
October – November
We confirm the engagement, review prior year findings, identify key risk areas, and provide you with a comprehensive document request list.
December – January
Your team prepares lead sheets and supporting documentation. We are available for questions and can provide guidance to ensure everything is audit-ready.
February
Our audit team performs testing, reviews internal controls, verifies balances, and completes all audit procedures efficiently.
March (by the 31st)
We finalize the financial statements, issue the audit report, and electronically submit to REAC before the March 31st deadline.
REAC Filing Deadline: March 31st
Get your audit documents to us by the first week of February to ensure timely filing.
Save Up to 50%
Our specialized focus means greater efficiency, which translates directly to lower audit fees for you.
Fast Turnaround
We meet every REAC deadline. Our streamlined process means quicker fieldwork and faster report delivery.
REAC Expertise
We know the REAC submission system inside and out, reducing the risk of rejection or late filings.
Dedicated Team
You get a consistent, experienced team that understands your property year after year.
Explore Our Other Services
We also specialize in FHA Lender Audits and Compliance Consulting.
Contact us today for a free quote and discover how much you could save on your next HUD audit. Our team is ready to help.
