Loveridge Hunt & Co. provides a comprehensive range of services:

Audit & Attestation Services:

• Partnership audits
  The Firm serves more than 400 syndicated partnerships that serve the affordable housing industry. These partnerships utilize HUD, Rural Development, state and local government resources, as well as participating in the federal Section 42 tax credit program. We provide annual audit and tax return preparation services for virtually all of the aforementioned for-profit entities.

• Non-profit audits (A-133)
  The Firm currently serves approximately 40 nonprofit organizations, of which substantially all are associated with affordable housing. Ten of the nonprofit organizations develop affordable housing (and several among them also provide ancillary services). One of our nonprofit organizations is unaffiliated with affordable housing; it serves a consortium of churches. Another is an advocacy group for the local affordable housing community. Approximately 30 of our nonprofit organization clients are single-asset entities that own and operate HUD-regulated multifamily housing.

• Compilation
  The Firm compiles financial information for a number of conventional multifamily and Rural Development entities.

• Attestation services
  The Firm performs agreed upon procedures (“AUPs”), the majority of which are related to HUD’s REAC filing, Rural Development requirements. In addition we perform AUPs which address debt service coverage ratios, breakeven calculations, and initial tenant certifications for LIHTC projects.

• Public Housing Authorities
  The Firm currently audits 6 Housing Authorities in Washington and Oregon.

• Cost Certifications (10% carryover, Tax Credit, HUD, RD & Historic Tax Credit)
  The Firm typically performs approximately 40-50 cost certifications per annum.

• Upper Tier Funds
  The Firm audits several “upper tier” funds, and we provide tax return preparation services for approximately 75 “upper tier funds”, all of which are associated with affordable housing.

In addition, the Firm has experience with the following listed services:

• 401K audits

• Mortgage Company audits

• Charitable Trust audit

• A-133 Audit of Federal Grant Recipient

• Reviews

• Compilations of forecasts and projections

Tax Services:

• Partnership Returns

• Corporate Returns

• Organizations exempt from Income Tax Returnsv

• Individual Returns

Advisory services to real estate development:

• Evaluation of eligible basis

• Creation of appropriate entities

• Assistance with tax credit applications

• Carryover allocation certifications

• Timing of investor entry

• Lock-in of credit rate

• Rehabilitation issues

• Evaluation of proposals from syndicators

• Tax credit year 15 exit strategies