Steve is one of the founding members of Dauby O’Connor & Zaleski, LLC, and has specialized in the real estate industry since 1984. He has extensive experience in the affordable housing arena, with a particular focus on properties that utilize the LIHTC pursuant to IRC Section 42. Steve has also provided audit and consulting services to entities owning congregate-care facilities, office buildings, shopping centers, hotels, and more.
Steve’s past public experience has been with international accounting firms, which were well recognized for their expertise in real estate accounting, auditing and consulting. Steve has prepared and/or reviewed numerous audits of limited partnerships, limited liability companies, corporations, and not-for-profit entities owning various real estate developments. These audits have been prepared for HUD, RD, and various debt and equity providers. Steve also has extensive experience providing audit services to funds that have been formed to invest in real estate entities. He has prepared numerous Certificates of Actual Cost for both the contractor and mortgagor as required by HUD, and cost certifications required by various state housing finance agencies for utilization of LIHTC. In addition to audit services, Steve consults with his clients regularly on various matters, including management/development company profitability, deal structuring, regulatory compliance, and GAAP reporting.
Steve’s clients include not-for-profit corporations, real estate developers and syndicators, housing corporations, real estate limited memberships, cooperative housing corporations, property management organizations, and various small businesses.