HUD Audit

A HUD audit is an independent examination of a HUD-assisted property’s financial statements and compliance, performed under the HUD Consolidated Audit Guide. For multifamily and assisted properties, results are submitted electronically to the Real Estate Assessment Center (REAC) through FASS-FHA. HUD applies its own reporting requirements and finding thresholds.

• Owners of HUD-insured multifamily properties.
• Section 8 and project-based rental assistance properties.
• Assisted and subsidized housing operators subject to HUD agreements.
• Management agents responsible for HUD-regulated property reporting.

• Financial statements prepared under the Consolidated Audit Guide.
• Compliance considerations over HUD program requirements.
• Internal control review over federal financial reporting.
• Electronic REAC submission via FASS-FHA.
• Findings reported against HUD’s thresholds.

Modus is AI-native. Our tooling automates the time-intensive fieldwork behind a HUD engagement, so your HUD audit gets done in roughly four weeks. Every conclusion links to a source document, so owners, lenders, and HUD reviewers can trace the evidence. That means fewer document requests, fewer questions, and a smoother electronic filing.

• Top-firm audit rigor at a middle-market price.
• Roughly a four-week turnaround through AI-native fieldwork.
• Consolidated Audit Guide experience and REAC submission support.
• Source-linked workpapers built for HUD and lender review.
• Up to about 40% less time spent on compliance work.