Cohousing-L Mailing List: Recent FHA Project Approval?

[lamaiacoleman [at] yahoo.com (lamaiacoleman]

At Southside Park Cohousing in Sacramento, CA, we are trying to obtain FHA 
project approval so that members can access reverse mortgages and buyers can 
get FHA loans.  We've run into problems on a couple of grounds, with our 
accounting being one of them.  We use single entry, cash basis accounting. 
We're trying to figure out if we moving to a double entry, accrual basis is 
required or if a lower bar fix will work.  
For coho's with recent FHA approvals, do you use cash basis or accrual basis 
accounting?  Also, do you use single or double entry?Finally, does anyone 
happen to know the charge directly from HUD for FHA approval and / or 
re-approving?Thanks!Lamaia Coleman