Affordable Housing
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Affordable Housing

In the ever changing, government regulated environment of the U.S. Department of Housing & Urban Development (HUD), it is important to work with professionals who are knowledgeable in this area. The Dermody, Burke & Brown Affordable Housing services team is not only knowledgeable in this complex area but is also very active in organizations that promote the development and management of government assisted multi-family housing programs. We are members of the Affordable Housing Association of CPAs.

Our team possesses in-depth knowledge of the special issues facing the affordable housing industry, including various state and federal processes and requirements for HUD audits.

We work with many affordable housing entities that are involved with the IRC Section 42 Housing Tax Credit program.  We perform cost-certifications required by the New York Housing Finance Agency and annual audits that are required by various Low-Income Housing Tax Credits (LIHTC) syndicators and investor-limited partners that provide funding for the development of these affordable housing programs.  

Dermody, Burke & Brown has been providing services to the affordable housing industry for over 60 years.  The Firm has a highly experienced team of professionals dedicated to the affordable housing industry.   We understand the dynamics and complexities of issues that the affordable housing industry is faced with.  Our extensive experience and in-depth knowledge of the industry positions us as our client’s most trusted advisor---all year round.

Our Firm is also a member of Allinial Global, should an unusual issue arise, our Firm’s affiliation with Allinial allows our team to tap into the wealth of knowledge of other top accounting practices with affordable housing experience.


  • Audited Financial Statements
    -  Rural Development (RD)
    -  Housing and Urban Development (HUD)
    -  IRC Section 42 (LIHTC)
  • REAC Filings
  • SF-SAC Filings
  • Tax Return Filings
  • Cost Certifications


Lori Ciarla, CPA, Principal
Dave de Silva, CPA, Member
Carolyn Sturick, CPA, Member
Travis Smith, CPA, Senior Manager
John Taylor, Senior Associate


The following is a list of links to useful websites:

Affordable Housing Association of CPAs
Housing & Urban Development (HUD)
New York State Homes & Community Renewal