McKonly & Asbury is excited to announce that M&L Compliance Management, LLC (MLCM) is becoming part of McKonly & Asbury, LLP (M&A) effective April 1, 2022.
MLCM was founded as a full-service housing compliance and management consulting firm that specializes in the Federal Low Income Housing Tax Credit (LIHTC), Federal HOME, Section 8 and Rural Housing 515 Programs. McKonly & Asbury was founded in 1973 and began serving affordable housing developers in 1977. Affordable housing services remains a cornerstone for our firm, with deep, specialized experience in financial statement audits, tax return preparation, 10% and 50% tests, development cost certifications and other LIHTC-specific issues.
“The service offerings and compliance insights MLCM provides are a natural extension of our firm’s current affordable housing services,” said McKonly & Asbury’s Managing Partner, Michael Hoffner. “The fact that MLCM approached McKonly & Asbury is a testament to our understanding of the LIHTC market and our service model. Our organizations have a shared passion for serving clients in this sector. We are looking forward to the contributions and industry knowledge the MLCM team will bring.”
MLCM past President and CEO, Michael Kearny echoes this sentiment. “We sought out McKonly & Asbury based on the firm’s understanding of the low-income housing tax credit market and their commitment to client service, as well as our belief that MLCM employees would continue to thrive professionally and personally there. After meeting with them and exploring a potential partnership, we came away certain that M&A would meet both of those objectives.”