Public housing in the United States

Greystone Provides $8.6 Million in HUD-Insured Construction Financing for Assisted Living Facility in Western New York

Retrieved on: 
Tuesday, May 26, 2020
Public housing in the United States, Greystone, House styles, United States Department of Housing and Urban Development, Economy of the United States, Architecture of the United States, United States

The transaction was originated by Lisa M. Fischman, vice president in Greystones New York office, on behalf of Bristol Village.

Key Points: 
  • The transaction was originated by Lisa M. Fischman, vice president in Greystones New York office, on behalf of Bristol Village.
  • HUDs 241(a) loan product provides supplemental financing for significant improvements to multifamily and healthcare properties with existing HUD-insured loans.
  • Constructed in 2003, Bristol Village is a single story assisted living facility comprised of 110 beds with 84 units on 20 beautifully landscaped acres in Western New York State, just outside of Buffalo.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Ziegler Hires Lindsay Konkel New COO of Its FHA/HUD Platform

Retrieved on: 
Friday, May 8, 2020
Mortgage, Loans, Economy, Money, Finance, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Loan servicing, FHA

CHICAGO, May 8, 2020 /PRNewswire-PRWeb/ --Ziegler, a specialty investment bank, is pleased to announce its hiring of Lindsay Konkel, Director, Chief Operating Officer (COO) of the Ziegler FHA platform within the Senior Housing and Care Finance Practice.

Key Points: 
  • CHICAGO, May 8, 2020 /PRNewswire-PRWeb/ --Ziegler, a specialty investment bank, is pleased to announce its hiring of Lindsay Konkel, Director, Chief Operating Officer (COO) of the Ziegler FHA platform within the Senior Housing and Care Finance Practice.
  • As COO, she is responsible for overseeing underwriting, closings, servicing and asset management of Ziegler's FHA-insured loan products.
  • Ziegler has been an FHA/HUD lender/servicer since 1970 focused primarily on affordable housing, senior housing and skilled nursing projects.
  • Don Husi, Managing Director, Co-Head of Ziegler's Senior Housing & Care Finance Practice and President of the FHA Platform stated, "We are delighted to have Lindsay join the Ziegler team.

GoSection8.com April 2020 National Survey: "Risks for Renters" Reveals 95% of Renters Need Help Paying Their Rent

Retrieved on: 
Wednesday, May 6, 2020
Affordable housing, Landlord, Real property law, Public housing in the United States, Economic inequality, Land law, Federal assistance in the United States, Real estate, Social programs, Affordable housing by country, Rent regulation

More than 42,000 renters participated in the survey that was conducted during the third week of April 2020.

Key Points: 
  • More than 42,000 renters participated in the survey that was conducted during the third week of April 2020.
  • "We have been serving tenants, landlords and housing authorities since 2003 and we have never seen this level of concern.
  • Most survey respondents stated they were unfamiliar with what rental assistance programs are available and how to apply for them.
  • Over the years, GoSection8.com has grown to become the most heavily trafficked website for people in need of affordable housing.

Walker & Dunlop Grows HUD Team with New Hire

Retrieved on: 
Thursday, April 30, 2020
Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Walker & Dunlop, Economy of the United States, Mortgage industry of the United States

BETHESDA, Md., April 30, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. (the "Company") announced today that it has hired Steve Mentesana as Senior Managing Director on its FHA Finance team.

Key Points: 
  • BETHESDA, Md., April 30, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. (the "Company") announced today that it has hired Steve Mentesana as Senior Managing Director on its FHA Finance team.
  • "We are thrilled to welcome Steve to the Walker & Dunlop team," commented Senior Vice President and FHA Finance Group Head Sheri Thompson .
  • "Our strong HUD underwriting and closing capabilities will complement his exceptional experience working with all of the HUD loan offerings.
  • Walker & Dunlop is a top-ranked multifamily lender in the United States and was the #3 HUD lender based on MAP (Multifamily Accelerated Processing) volume for HUD's 2019 fiscal year.

Greystone Provides $33.2 Million in HUD-Insured Financing for Multifamily Construction in North Carolina

Retrieved on: 
Tuesday, April 28, 2020
Loans, Economy, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Amortization

NEW YORK, April 28, 2020 (GLOBE NEWSWIRE) -- Greystone , a leading commercial real estate lending, investment, and advisory company, has provided a $33.2 million HUD-insured construction loan for the development of Litchford 315, a new 240-unit multifamily community in Raleigh, North Carolina.

Key Points: 
  • NEW YORK, April 28, 2020 (GLOBE NEWSWIRE) -- Greystone , a leading commercial real estate lending, investment, and advisory company, has provided a $33.2 million HUD-insured construction loan for the development of Litchford 315, a new 240-unit multifamily community in Raleigh, North Carolina.
  • The loan provides 85% loan-to-project costs, and carries a low, fixed interest rate during the construction period, followed by a 40-year term with straight amortization.
  • HUDs 221(d)(4) loan product enables construction or substantial rehabilitation of multifamily projects with long-term, fixed, and low-rate financing.
  • Litchford 315 will offer residents spacious floor plans and Class A finishes with community amenities, including a resort-style pool and clubhouse.

Dwight Capital Closes Over $1.12 Billion Through the First Half of HUD’s Fiscal Year and Earns #1 FHA/MAP Ranking

Retrieved on: 
Monday, April 27, 2020
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Banking, REIT, Professional services, Other Professional Services, Residential Building & Real Estate, Mortgage industry of the United States, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Economy of the United States, Economy

Dwight Capital announced that it closed in excess of $1.12 billion in financings through the first half of HUDs fiscal year (HUDs FY begins Oct. 1).

Key Points: 
  • Dwight Capital announced that it closed in excess of $1.12 billion in financings through the first half of HUDs fiscal year (HUDs FY begins Oct. 1).
  • During that same six-month period, Dwight obtained over $1 billion in FHA/MAP Firm Commitments, which ranks Dwight Capital #1 among lenders both by dollar volume and number of transactions (54 loans).
  • Under the leadership of Adam and Josh Sasouness, Dwight has consistently been a Top-5 FHA/MAP lender for each of the last five years.
  • Some notable transactions for the first half of HUDs fiscal year included:
    $102.2 MM in HUD 223(a)(7) loans for a portfolio comprising 1,169 units in Maryland.

Arbor Creates $2 Million Rental Assistance Program for Thousands of Tenants and Families Impacted By COVID-19

Retrieved on: 
Wednesday, April 15, 2020
Affordable housing, Public housing in the United States

UNIONDALE, N.Y., April 15, 2020 /PRNewswire/ -- Arbor Realty Trust, Inc. (NYSE: ABR ), one of the nation's leading multifamily lenders, today launched an innovative $2 million rental assistance program to help thousands of tenants and families significantly impacted by the COVID-19 outbreak.

Key Points: 
  • UNIONDALE, N.Y., April 15, 2020 /PRNewswire/ -- Arbor Realty Trust, Inc. (NYSE: ABR ), one of the nation's leading multifamily lenders, today launched an innovative $2 million rental assistance program to help thousands of tenants and families significantly impacted by the COVID-19 outbreak.
  • The Arbor Rental Assistance Program (ARAP) is a unique goodwill initiative intended to supplement existing government rent relief programs and leverage private capital to fill critical gaps for people who are impacted by a loss of income due to COVID-19.
  • Arbor is contributing $1 million to the program and participating borrowers will match Arbor's advances to its tenants in need to help fill the rent gap during the hard-hit months of May and June.
  • The program will be offered to tenants at the properties Arbor finances across the country on a first-come, first-served basis.

Worcester Housing Authority and Ameresco to Complete Second Phase $13.5 Million Energy Efficiency Project

Retrieved on: 
Tuesday, April 14, 2020
Interior design, Utilities, Residential Building & Real Estate, Alternative energy, Energy, Construction & Property, Urban planning, Public housing in the United States, Energy Savings Performance Contract, Energy conservation in the United States, United States Department of Housing and Urban Development, Affordable housing, Economy of the United States, United States

Ameresco, Inc. , (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced a second phase of work totaling $13.5 million with the Worcester Housing Authority (WHA) through its existing energy performance contract.

Key Points: 
  • Ameresco, Inc. , (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced a second phase of work totaling $13.5 million with the Worcester Housing Authority (WHA) through its existing energy performance contract.
  • As New Englands second largest housing authority, WHA provides safe and affordable housing for more than 3,000 households in the Worcester community.
  • These improvements come at no upfront cost to WHA, which also receives incentives for efficiency improvements from the U.S. Department of Housing and Urban Development (HUD).
  • The mission of the Worcester Housing Authority (WHA) is to enhance the Worcester community by creating and sustaining decent, safe, and affordable housing that champions stability and self-sufficiency for our residents.

Dwight Capital Closes March 2020 with Over $279.6 MM in Financings

Retrieved on: 
Wednesday, April 8, 2020
Professional services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Public housing in the United States, Real estate, United States Department of Housing and Urban Development, Urban planning in the United States, Commercial property, Economy of the United States, Mortgage industry of the United States, Property

Dwight Capital closed a combined $279.6 MM of loans in March 2020 and continues to lead HUD MAP financing league tables having closed $248.9 MM in multifamily financings.

Key Points: 
  • Dwight Capital closed a combined $279.6 MM of loans in March 2020 and continues to lead HUD MAP financing league tables having closed $248.9 MM in multifamily financings.
  • Brian Yee originated a $39.99 MM HUD 223(a)(7) loan for Enclave at Box Hill , a 240-unit market-rate luxury apartment complex located in Abingdon, Maryland.
  • Dwight Capital is a leader in commercial real estate finance and is one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States.
  • For more information about Dwight Capital, please visit: www.dwightcapital.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200408005415/en/

DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8

Retrieved on: 
Thursday, April 2, 2020
Economic inequality, Affordable housing, Academic disciplines, Public housing in the United States

Washington, D.C., April 02, 2020 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments.

Key Points: 
  • Washington, D.C., April 02, 2020 (GLOBE NEWSWIRE) -- The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments.
  • At DCHFA we are equally focused on preserving and modernizing existing affordable housing while also creating new units of affordable housing.
  • The preservation of nearly 600 apartments ensures that affordable rentals remain available in Ward 8 as it attracts more development, stated Christopher E. Donald, Interim Executive Director, DCHFA.
  • One hundred twenty-four apartments are reserved for tenants at 50 percent AMI or less and the remaining 66 apartments restricted for earners up to 60 percent AMI.