Leveraging Affordable Housing HUD Financing: RAD and Other Mixed-Finance Development Programs
Converting and Preserving Public Housing Through Public-Private Partnerships
Recording of a 90-minute CLE webinar with Q&A
This program will assist practitioners representing public housing authorities, private developers and lenders in their partnerships to revitalize and preserve public housing. The program will discuss how to leverage HUD’s RAD program to covert public housing to Section 8. The program will also discuss Low Income Housing Tax Credits and other HUD mixed-finance programs for project development.
Outline
- Trends in public housing finance developments
- Rental Assistance Demonstration (RAD) program eligibility and procedures
- Low Income Housing Tax Credits (LIHTC)
- Mixed-finance programs
- Documenting and closing the transaction
Benefits
The panel will review these and other key issues:
- What trends in financing and other opportunities are driving investors and developers to pursue public housing development deals?
- What eligibility requirements must investors and developers meet to qualify for financing through HUD’s RAD housing conversion program?
- What types of LIHTC financing are available?
- What are the business and legal considerations associated with mixed-finance development of public housing?
Faculty
Delphine G. Carnes
Crenshaw Ware & Martin
Ms. Carnes’ practice focuses on project finance, public sector, affordable housing and community development,... | Read More
Ms. Carnes’ practice focuses on project finance, public sector, affordable housing and community development, taxation, and real estate. She has been involved in the New Markets Tax Credit (NMTC) program since its inception, representing Community Development Entities, financial institutions and developers. She has significant experience structuring complex transactions, including real estate transactions that combine NMTC with state and federal historic tax credits, tax-exempt bonds, traditional debt and debt with equity features.
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Antoinette M. Jackson
Partner
Jones Walker
Ms. Jackson has more than 20 years of real estate experience in both the private and public sector focusing primarily... | Read More
Ms. Jackson has more than 20 years of real estate experience in both the private and public sector focusing primarily in commercial transactions. She currently practices in the areas of commercial real estate development and affordable housing financing representing both for-profit and nonprofit developers and public housing agencies. Ms. Jackson serves as special and general counsel to a number of public housing authorities with a specific emphasis on HUD, public housing and development issues.
CloseJulie S. McGovern
Member
Reno & Cavanaugh
Ms. McGovern’s practice focuses on affordable housing development and operation, with a concentration on public... | Read More
Ms. McGovern’s practice focuses on affordable housing development and operation, with a concentration on public housing authorities and rural lending. She provides comprehensive representation in mixed-finance transactions, from negotiation of the development agreement, through multiple phased closings, and through regulatory and legal issues arising in the operation of mixed-finance units.
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