Affordable Housing/Community Development

Flaherty Salmin provides value to our clients at all stages of the Affordable Housing/Community Development life cycle: development, construction, ownership, management and exit strategies. We are known for our development stage expertise. Flaherty Salmin gets tremendous satisfaction from this collaborative work that results in the creation of decent, affordable, and safe housing. Not only do individuals and families benefit directly from this collective effort, but affordable housing is a catalyst for economic and community development.

Affordable Housing/Community Development Credentials

Areas of expertise

Consultative services

Compliance services

  • Annual audit
  • Cost certification audits/examinations
  • Tax exempt bond related
    • 50% aggregate basis certifications
    • Borrower tax certifications (95/5)
    • Final use of proceeds certifications (95/5)
  • 10% expected basis certifications
  • Investor break-even or debt service coverage certifications
  • Various other investor, lender, and agency certifications
  • Agreed upon procedures engagements
  • Annual tax return preparation
  • Tax elections
  • Tax planning and projections


We have significant relationships with the following: