Community Development Financial Institutions (CDFIs)
HOW COHNREZNICK CAN HELP
CohnReznick has a dedicated Not-for-Profit & Education industry practice, which works closely with not-for-profit organizations that are either designated CDFI entities or are looking to obtain the designation, to strengthen organizational performance and help ensure long-term sustainability in a dynamic funding and regulatory environment. In addition, our firm brings experience serving nonprofit affordable housing developers and stakeholders across the affordable housing industry. We have been at the forefront of tax-incentivized development strategies, including Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing, and other federal and state initiatives.
- Financial statement audits
- Single Audits of CDFI award programs as major programs
- State/city compliance filing services
- Tax compliance services including UBTI analysis
- Project financing and consulting
- Accounting and loan management system assessments and implementations
- Internal audit
- Special-purpose entity structuring
- Comfort and consent letters for debt issuances
- CECL consulting
- AMIS reporting in connection with CDFI Fund FA, TA, CMF and NACA awards
- Annual Certification Reports, required to maintain CDFI certification
- Examination on compliance with Uniform Single Attestation Program (USAP) servicing criteria
- Examination on compliance with SEC Regulation AB
Related services
Our comprehensive understanding of diverse sectors allows us to tailor our services to your specific needs.