Government Contract | Virginia
FINANCIALAUDITOFAFFORDABLEHOUSINGINVESTMENTFUND(AHIF)MULTIFAMILY HOUSINGLOANPORTFOLIO

Bid Information


Bid Alert No: 00000583458

Bid Title: FINANCIALAUDITOFAFFORDABLEHOUSINGINVESTMENTFUND(AHIF)MULTIFAMILY HOUSINGLOANPORTFOLIO

Agency Bid No. Title: 16186RFP

Received Date: 05/26/2016

Close Date: 06/16/2016

Purchase Type: 60 days for completion

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:The purpose of the audit is to evaluate the AHIF loan portfolio, including the accuracy of loan repaymentcalculations and sufficiency of financial compliance monitoring to support these calculations.Specifictasks of the audit shall include:1. Review of current loan origination documentation requirements2. Review of ongoing loan servicing procedures, including processes and systems for financialmonitoring and determining loan repayment calculations3. Sampling of six active AHIF loans reflecting a crosssection of the composition of the AHIFportfolio in terms of size, age and repayment history.The review of the loans would determinethe following:a. Completeness and availability of legal documents related to loan origination to documentloan repayment terms.b. Completeness and availability of documentation submitted by the developer to supportannual loan repayments (e.g., cashflow and financial statements, etc.) for the last 7 years.c. Accuracy of loan repayments received in the last 7 years based on underlying financialand loan term documentation.d. Confirmation of loan servicing data and processes, including review of the loan trackingsystem

Product Code: 94620

Agency Information


Issuing Agency: County of Arlington

State: Virginia

Agency Type: State and Local

Contact: Krystyna Hepler 2100 Clarendon Blvd., Suite 500, Arlington, Virginia, 22201

Phone: 703-228-3410

Email: khepler@arlingtonva.us

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