We Help You Navigate HUD to Preserve Affordable Housing
Manage your preservation deals with a trusted firm.
Affordable housing preservation is a complicated process. Developers looking to leverage federal, state, and local funding while collaborating with stakeholders and navigating state and municipal policy often find the obstacles hard to overcome.
That’s where we step in. We analyze your project’s regulatory restrictions, advise on options and obstacles, and work with you and HUD to obtain approvals for transfers, refinancings, and more.
Project-Based Section 8
Assign, combine, bifurcate, and obtain a long-term HAP contract renewal, including one with a Chapter 15, post-rehabilitation rent increase and options for new Project-Based Section 8 through HUD’s Moving Section 8 8bb program.
202 Loans and Capital Advances
Prepay a 202 loan, assume a Capital Advance and Project Rental Assistance Contract (PRAC), and convert your PRAC to Section 8 through HUD’s Rental Assistance Demonstration (RAD) program.
Mod Rehab RAD Conversions
Convert your Mod Rehab contract to Project-Based Section 8 or Project-Based Vouchers through RAD.
Understand the steps in order to obtain a new Project-Based Voucher contract, including one in connection with the expiration of HUD agreements or maturity of HUD loans.
236 Loans and Decoupled Projects
Prepay your 236 loan, decouple interest reduction payment subsidy, and obtain enhanced or project-based vouchers.
Leverage the Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA), as well as access guidance on the circumstances for amending use agreements and increasing rents.
Post Mark-to-Market Projects
Refinance or acquire a property that has received the benefits of a debt restructuring under the Mark-to-Market Program, including through HUD’s Qualified Nonprofit or Due on Sale Clause waiver programs, and explore opportunities to increase rents for troubled assets.
Uniform Relocation Act
Understand the Uniform Relocation Act notice and benefit requirements that HUD will expect you to follow in connection with your planned rehabilitation.
Modernize and Preserve Affordable Housing Projects
Bring existing affordable housing into the modern era.
The number of subsidized properties is limited so preserving existing affordable housing by rehabilitating properties is vital to maintaining the country’s affordable housing stock.
Rehabilitate Properties with Project-Based Section 8
We’ll take care of the process.
Get support for the financing you need when rehabilitating Project-Based Section 8 multifamily housing.
At HAO, we’ll help you get HUD approval for the assignment of the HAP contract and renewal of your HAP contract for a 20-year term with preapproval of Chapter 15 post-rehabilitation rent increase. You’ll gain the HUD approvals needed to sustain your preservation transaction.
Explore our Project Portfolio
See how we help clients with affordable housing preservation projects.
Meet our Affordable Housing Preservation Lawyers
An experienced team dedicated to protecting your interests.
For more than 30 years, our firm has offered affordable housing preservation and advice to those seeking to manage preservation transactions, access multifamily HUD programs, and ensure HUD compliance.