Owners and managers of Rural Development (RD) properties who are required to submit audited financial statements will now have two extra months to do so.

Lemler Group received confirmation of the change from staff in Washington, DC on February 27, 2019. The announcement was made on an RD document that referenced three Unnumbered Letters (ULs) and two Procedure Letters for multi-family housing projects. A note after the first UL mentioned FY 18 financial reports will not be due until May 31, 2019, as opposed to the original deadline of April 1, 2019.

The first UL listed is also of importance to RD owners and managers. It provides clarification and examples of new financial reporting requirements that will become mandatory in FY 19. You can read more about these changes and the benefits of early adoption on the Lemler Group blog.

For more information, please contact us by email or phone. We are here to serve you!