Home / Program Offices / Public and Indian Housing / Real Estate Assessment Center (REAC) / REAC / Library - Financial Assessment of Multifamily
Financial Assessment of Multifamily Housing

Federal Register Notices, Rules, and Regulations

-  

Uniform Financial Reporting Standards effective April 20,2000, amends filing requirements and makes certain technical corrections to its regulations. More (01/05/04)
-   Deregulation for Small Public Housing Agencies; Final Rule, 24 CFR Parts 902, 903 and 985, 06/24/03
-   Uniform Financial Reporting Standards (UFRS) for HUD Housing Programs Final Rule: 24 CFR Part 5, et al. 9/1/98 (13pgs/82k) (Note: This document is also listed in the PHAS section below.)

Handbooks, Guidance, and Instruction

-

Office of Multifamily Housing clarification of the definition of surplus cash contained in the 2011 HUD Regulatory Agreement.  More...(01/27/2014)
-  

Substandard Government Audits: Are They Worth the Cost? More ...(02/11/04)
-  

MF-FASS Audited A-133 Threshold Reporting Requirements Change The Office of Management and Budget sets new $500,000 reporting limit for non-profit organizations. More...(02/11/04)
-  

Limited distribution projects converting to Mark-to-Market restructuring. More... (02/11/04)
-  

7.0 Industry User Guide for the Financial Assessment Subsystem-Multifamily Housing (FASSUB) (06/22/07)
-   Summary of Financial Reporting and Auditing Guidance for HUD Multifamily Program Participants and Independent Auditors
-   Multifamily Coordinator Quick Tips
-   Addendum to the Data Standardization Results for the Financial Assessment Subsystem 12/31/98 (31pgs/154k)
-   Multifamily Financial Reporting Revisions Updated 1/26/00 (34pgs/138k)
-   Guidelines on Reporting and Attestation Requirements of Uniform Financial Reporting Standards (UFRS) as of March 2001 (46pgs/842k) This guide was updated by REAC with the assistance of Pricewaterhouse Coopers, LLP and the American Institute of Certified Public Accountants (AICPA). It provides PHAs and independent auditors with updated guidance on: (1) Statement on Auditing Standards (SAS) #29 and the audited Financial Data Schedule and (2) an agreed-upon-procedure (in accordance with Statement on Standards for Attestation Engagements #10) comparing a PHA's hard copy audit report to the audited electronic submission prepared for REAC. The SAS #29 and the SSAE#10 documents can be obtained from the AICPA. These are not HUD documents.

LETTERS AND DIRECTIVES

-   REAC Letter to Multifamily Project Owner 1/12/99 (4pgs/16k)