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LIHTC Property Compliance Auditing

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

Documents

This scope was carved out of 10192026.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

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Audit FRP

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Organization & Contact Information

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AgencyUnknown State → City of South Portland Housing Authority
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Supplies specialized auditing and financial reporting for prime contractors on South Portland Housing Authority projects specifically for Low-Income Housing Tax Credit (LIHTC) properties. Performs financial audits ensuring compliance with LIHTC regulatory frameworks and reporting standards. Requires State of Maine licensure and Professional Liability insurance. Delivers audit reports for LIHTC-associated entities.

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Same NAICS industry code

NAICS: 541211
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SLED
Audit FRP
Solicitation # 10192026
The City of South Portland Housing Authority is soliciting proposals for professional audit services under solicitation number 10192026. The selected firm will be engaged for an initial three-year term to perform audits in accordance with Generally Accepted Auditing Standards, Generally Accepted Accounting Principles, HUD and REAC guidelines, and Uniform Guidance 2 CFR Part 200. Key performance milestones include completing field work within 120 days of the fiscal year end, providing preliminary draft reports within 180 days, and issuing the final report within 30 days of the draft. Additionally, the auditor must perform the REAC attestation function annually via the internet. Proposals are due by November 1, 2026, and must be submitted electronically to Val Koval. Required submission materials include a letter of transmittal, personnel qualifications, references from PHA audits conducted within the last three years, a sample audit report, and evidence of professional liability insurance. Applicants must affirm they are licensed in the State of Maine, meet independence requirements, and comply with Equal Employment Opportunity and data privacy standards for protecting personally identifiable information. The award will be based on the best interest of the Authority, and the successful firm must agree to sign annual contracts using the standard HUD audit contract. Payment terms specify that at least four percent of the fee is paid upon completion, with full payment required before the filing of the audited report.
City of South Portland Housing Authority

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about 19 hours ago

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in 12 days
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