What's Happening?
PKF O'Connor Davies, in collaboration with Quadel, is set to host 'The Accounting Series' in November 2026. This virtual training opportunity is specifically designed to equip participants with the necessary knowledge and tools to conduct fully compliant
audits of HUD-assisted properties and to understand the complexities of Low-Income Housing Tax Credit (LIHTC) Properties. The series will consist of two four-hour online sessions. The first session, on November 16th, will focus on HUD-Assisted Properties, covering updates and tools. The second session, on November 17th, will delve into compliance issues related to HUD-Assisted and LIHTC Deals. The training is aimed at CFOs, CPAs, financial managers, finance accounting staff, development team members, and federal, state, and local government officials. Instructors will include partners from PKF O’Connor Davies, LLP, such as Jennifer Galasso, Ravi Melwani, and Andrew Musci, alongside Lisa Williams, Director of Help U Manage Compliance at Quadel Consulting & Training, LLC. Attendees can earn up to 8 hours of CPE Credit for participating in both sessions.
Why It's Important?
This training series is crucial for professionals involved in the auditing and financial management of HUD-assisted and LIHTC properties. The U.S. Department of Housing and Urban Development (HUD) programs and Low-Income Housing Tax Credits are vital for providing affordable housing across the nation. Ensuring compliance with the intricate regulations governing these properties is essential to maintain their integrity and continued operation. Non-compliance can lead to significant financial penalties, loss of funding, and reputational damage for organizations and individuals. By providing specialized knowledge and tools, PKF O'Connor Davies and Quadel are helping to strengthen the financial oversight and operational efficiency of these critical housing initiatives. This directly impacts the availability and quality of affordable housing for countless Americans, and supports the financial health of the entities managing these properties, from non-profit organizations to private developers.
What's Next?
The upcoming virtual training sessions in November 2026 will provide a platform for professionals to enhance their expertise in auditing HUD-assisted and LIHTC properties. Following the series, participants are expected to apply the acquired knowledge to improve compliance and efficiency within their respective organizations. This could lead to more accurate financial reporting, better risk management, and ultimately, more effective utilization of federal housing funds and tax credits. The continued education and professional development offered by such programs are vital for adapting to evolving regulatory landscapes and maintaining high standards in the affordable housing sector. The collaboration between PKF O'Connor Davies and Quadel suggests a sustained effort to address the complex accounting and compliance needs of this specialized field.
Beyond the Headlines
The focus on HUD-assisted and LIHTC properties highlights a broader societal challenge: the persistent need for affordable housing in the U.S. The financial and regulatory complexities surrounding these properties often create barriers for effective management and oversight. Training initiatives like 'The Accounting Series' are not just about technical compliance; they are about empowering professionals to navigate these complexities, thereby indirectly supporting the social mission of providing safe and affordable homes. The emphasis on compliant audits also underscores the importance of transparency and accountability in the use of public funds and tax incentives. This contributes to public trust in government programs and ensures that resources are directed effectively to those who need them most, addressing a fundamental aspect of social equity and economic stability.
