We have extensive experience in auditing affordable housing projects, including those receiving loans or other funding from the Department of Housing and Urban Development, the California Housing Finance Agency (CalHFA), the California Department of Housing and Community Development (HCD), United States Department of Agriculture (USDA) and the Sacramento Housing and Redevelopment Agency for the past eighteen years.  We have provided audit services to nonprofit corporations and governmental agencies that develops, owns and manages affordable housing projects.  We have provided services to over thirty affordable housing projects that receive loans under CalHFA, the Affordable Housing Program, the Multifamily Housing Program and Department of Housing and Urban Development (HUD) and receive Section 8 housing assistance payments.  We have performed a number of audits under the Audited Financial Statements Handbook for Multifamily Rental Housing published by CalHFA and HCD, so we are knowledgeable of the reporting requirements of these agencies.  We have also prepared and reviewed forms for the HUD Real Estate Assessment Center (REAC) submission.