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

Conducted on Thursday, June 4, 2015

Recorded event now available

or call 1-800-926-7926
Program Materials

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.

Description

HUD’s Rental Assistance Demonstration (RAD) program conversions allow owners and developers to leverage Section 8 rental assistance with other finance sources to generate capital to develop and renovate new housing units. Congress recently raised the cap on RAD units from 60,000 to 180,000.

HUD finance programs have unique procedures and documentation requirements needed for closing a RAD conversion or mixed-finance project. Practitioners must understand the intricacies of HUD affordable housing financing programs to ensure a smooth and timely closing of deals for their clients.

Entities that receive LIHTC are required to comply with complex IRS rules and regulations. Counsel must be fluent in LIHTC terms, eligibility requirements, limitations and restrictions whether representing developers in applying for tax credits and complying with program requirements or representing CDFIs and lenders in drafting loan documents and closing transactions.

Listen as our authoritative panel of real estate practitioners provides practitioners representing public housing authorities and private developers with the knowledge needed to leverage HUD finance programs to revitalize and rebuild public housing. The panel will discuss eligibility requirements and documentation for HUD’s Rental Assistance Demonstration (RAD) program to convert public housing to Section 8 as well as LIHTCs and other mixed-finance development programs to renovate existing public housing projects.

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Outline

  1. Trends in public housing finance developments
  2. Rental Assistance Demonstration (RAD) program eligibility and procedures
  3. Low Income Housing Tax Credits (LIHTC)
  4. Mixed-finance programs
  5. 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

Carnes, Delphine
Delphine G. Carnes
Crenshaw Ware & Martin

Ms. Carnes’ practice focuses on project finance, public sector, affordable housing and community development,...  |  Read More

Antoinette M. Jackson
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

Julie S. McGovern
Julie S. McGovern
Member
Reno & Cavanaugh

Ms. McGovern’s practice focuses on affordable housing development and operation, with a concentration on public...  |  Read More

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