MADISON, Wis. – Baker Tilly Virchow Krause (Baker Tilly) is pleased to announce the Louisiana Housing Corporation (LHC) has selected the firm to provide consulting services to the state’s Public Housing Authorities (PHA) seeking to convert their aging housing units to long-term project-based Section 8 rental assistance contracts under the US Department of Housing and Urban Development (HUD) Rental Assistance Demonstration (RAD) program.
Baker Tilly is one of twelve development teams that LHC thoroughly vetted and properly procured on behalf of their more than 150 local PHAs. The selected development teams demonstrated successful track records of providing the required services to assist PHAs with the assessment, implementation, and compliance of the RAD Program. The PHAs are able to choose a consultant from the LHC approved list to assist them in the preparation and submission of an application to HUD. If awarded, the consultant will also assist in the submission to HUD of all post-contract items and achievement of contractual milestones.
“We are proud of Baker Tilly’s recognition as an experienced financing and development consultant in the affordable housing industry in Louisiana. Our commitment to the success of our clients and the preservation of the nation’s public housing units embodies our Valued Business Advisor philosophy and importance of stewardship.”
– Don Bernards, Affordable Housing Practice
With growing interest in the RAD program, HUD recommends that PHAs or owners lacking recent experience in accessing various forms of debt and/or equity capital should leverage technical assistance to optimize their applications.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. The combined worldwide revenue of independent member firms is $3.4 billion.