Hessel Aluise & O’Leary, P.C.
Multifamily and Elderly Housing Development

Affordable Housing:

Multifamily and Elderly Housing Development

HAO lawyers provide clients with a wide variety of services in connection with the construction, rehabilitation, acquisition, sale, and refinancing of multifamily affordable and elderly housing developments.  Our lawyers have extensive experience assisting clients in accessing financing for development activities through the United States Department of Housing and Urban Development (HUD) and its lender partners, USDA Rural Housing Services (formerly the Farmers Home Administration), state housing finance agencies, Fannie Mae and Freddie Mac, Federal Home Loan Bank banks, public housing authorities, and conventional lenders.  Our lawyers are well-versed in the complex regulatory schemes that govern these financing sources and remain abreast of law and policy changes affecting our clients’ portfolios.  Our range of expertise includes advising clients in all of the following areas:

  • All aspects of the Section 8 program, including moving Section 8 contracts.
  • FHA insured loan products including Section 220, Section 221(d)(4), Section 221(d)(3), Section 223(f), and Section 232
  • HUD loan and grant programs including HOME, CDBG, and NSP
  • State agency financing, including the Risk Share Loan Program
  • Federal Home Loan Bank Affordable Housing Program
  • Section 8 project based vouchers
  • HUD's Rental Assistance Demonstration (RAD) Program.
  • HUD’s Transfer of Physical Assets (TPA) process
  • Structuring transactions to take advantage of 9% and 4% Section 42 low income housing tax credits
  • Purchase and Sale Contracts
Affordable Housing
Multifamily and Elderly Housing Development
Preservation and Restructuring
Public Housing and Mixed Finance Development
Housing Policy and Legislation
Troubled Assets
Green Building and Energy Retrofits

Hessel Aluise & O’Leary, P.C., 1730 Rhode Island Avenue NW, Suite 900, Washington, DC 20036
Telephone: 202-466-5300 Facsimile: 202-466-5508