Audited Financial Statements Handbook
The California Department of Housing and Community Development (HCD) and the California Housing Finance Agency (CalHFA) have revised (September 2016) the joint Audited Financial Statements Handbook for projects administered under both Departments either jointly or individually. Audits submitted to HCD or CalHFA must adhere to this joint Audited Financial Statements Handbook. HCD and CalHFA have been coordinating selected administrative functions such as the joint Audited Financial Statements Handbook to improve the State's ability to serve and coordinate housing needs and to achieve administrative efficiencies.
Section 8 Contract Administration
The Owner/Agent needs to be aware of when the Housing Assistance Payment (HAP) Contract expires for the project and take steps as the expiration date approaches. HUD has issued a guidebook outlining the various contract renewal options which can be found online at http://www.hud.gov/offices/hsg/mfh/mfhsec8.cfm