We are one of the two leading CPA firm in the United States, that provides independent third-party verifications for tax-exempt housing bond issues. We have provided verification service for more than 1,000 housing bond issues, including more than 500 engagements each for single family and multi-family mortgage revenue bonds since 1986.

Our clients include almost all of the Local HFA’s in the U.S. and more than fifteen State HFA’s.

In the past three years alone, we have provided verification services on more than 50 transactions of $1 billion or more.  We have verified more than 200 $100-million or larger transactions, and have been involved in numerous transactions involving large open indentures with cross-calls.

Because we are involved in a large number of transactions each year, we see the newest types of bond and investment product structures.  We have assisted many clients by providing guidance in the application of new, non-proprietary techniques. We view each engagement with multiple objectives:

  • to ensure the mathematical accuracy of the calculations,
  • to ensure that the proposed housing bond is being undertaken in a manner consistent with the Trust Indenture for the issue. We make recommendations on clarifying the documents which are incorporated in more than 80% of the issues we work on.
  • to inform the banker of alternative structuring ideas that would improve the economic benefit to the Issuer of the proposed transaction.

We are committed to providing high-quality, fast turn-around service on each engagement. Our verifications are performed using our own proprietary software so that we do not duplicate mistakes when they occur in industry software.

Our combination of knowledge, responsiveness, technical competency, accuracy, and reasonable fees results in verification services that our clients and other parties to the transactions consider to be clearly the best in the industry.