For Community Development Corporations (CDCs), affordable housing owners, and multifamily housing operators across the Midwest —including Metro Detroit, Chicago and Ohio—navigating federal compliance is a core operational requirement.  Operating HUD-assisted or HUD-insured properties requires compliance with specialized accounting and reporting standards. This guide explains HUD audit requirements, the electronic submission process, and what housing executives must do...

Does your nonprofit need a Single Audit? The answer comes down to a single number: $1,000,000.  If your organization expends (spends) $1 million or more in federal award funding during your fiscal year, you are generally required to undergo a Single Audit under the Uniform Guidance. If your total federal expenditures fall below that mark, you are not subject to the...