HUD-MWRD_(FY25-26).pdf

This file is a government funding document for El Pueblo Housing Development (EPHD), a municipally affiliated 501(c)(3) nonprofit subsidiary of the City of Tucson, Arizona, seeking full-service accounting and financial management services. EPHD is requesting proposals from qualified accounting firms to provide comprehensive outsourced accounting services, audit services, or both. The scope of work encompasses financial management and accounting services supporting EPHD's development, financing, ownership, and preservation of affordable housing across multiple funding sources including LIHTC equity, HOME, CDBG, ARPA/SLFRF, Arizona Department of Housing funds, tax-exempt bonds, vouchers, and philanthropic capital. Proposers have the flexibility to bid on accounting services, audit services, or a combined offering; however, firms proposing to provide both services must demonstrate strict independence safeguards in accordance with the AICPA Code of Professional Conduct and Government Auditing Standards (Yellow Book).

If a single firm proposes to provide both accounting and audit services, EPHD requires the establishment of separate engagement teams and separate engagement partners for each service line, with the explicit prohibition that no audit team member may prepare accounting records subject to audit. Additionally, EPHD management must retain full responsibility for financial statements, and the organization must designate a qualified individual to oversee accounting services. Firms providing both services must submit written independence representations annually and include their most recent external peer review report with their proposal. The document references HUD-MWRD funding for both routine (FY25-26) and nonroutine (FY25-26) activities, indicating that HUD resources will support the contracted services.