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David is the founder and Chairman of the Board of Reznick Group, P.C. (formerly Reznick Fedder & Silverman). Since establishing the firm in 1977, he has led the firm’s growth from eight to over 1,300 employees in ten offices nationwide. Reznick is among the top 20 largest accounting firms in the country, and is the fifth largest accounting firm in the Greater Washington, DC area.
In addition to his responsibilities as Chairman, David provides direct services to a wide range of clients in the real estate industry. He works closely with real estate developers, syndicators, lending institutions, and manages agents throughout the U.S. and Puerto Rico, regarding all aspects of commercial and residential developments. David is often consulted for tax analysis and structuring of major real estate syndications. His advice and counsel is sought frequently on policy issues related to real estate and affordable housing. David has testified before the House of Representatives, Subcommittee on Housing and Community Opportunity, giving recommendations to restructure the Section 8 portfolio of FHA insured mortgages. Clients of multi-family properties in danger of default have called on David to provide advice on capitalization. He restructured the debt and assets by bringing in new capital to preserve the affordable housing.
David has been involved in HUD cost certification compliance and operational audit compliance since 1968. He assisted in writing the cost certification manual for a residential housing tax exempt bond participating mortgage fund. Starting in 1971, David assisted clients in the preparation of financial forecasts and the structure of syndications for HUD insured projects and state financed housing projects. For more than 30 years, he has assisted many developers in guiding them through HUD TPA transactions. David has directed government housing program audits for numerous developer clients, including both contractor and mortgagor cost certifications and operating audits as required by HUD, the Maryland Community Development Administration and numerous other state housing agencies.
Dave Reznick has been a featured speaker in numerous national real estate industry seminars and affordable housing conferences and lectures on subjects such as: Passive Losses and Debt Restructuring, Historic Preservation, Low Income Housing Tax Credits, New Market Tax Credits, HUD Cost Certification under sections 221D(4) and 232, Multifamily Housing, and other related matters.
David is a member of various organizations including American Institute of Certified Public Accountants, Maryland Association of Certified Public Accountants, National Leased Housing Association, National Housing and Rehabilitation Association (former President), National Housing Conference and National Association of Home Builders - Multifamily Housing Section.
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