Walker & Dunlop is one of the few finance shops with a dedicated Affordable Housing finance team. We are an approved Fannie Mae Multifamily Affordable Housing (“MAH”) and Freddie Mac Targeted Affordable Housing (“TAH”) lender, aimed at tackling the affordable housing crisis in our nation. Smaller properties play a unique role in the rental housing market—these properties tend to be more affordable and in urban areas.
So, which properties count as Affordable?
-
Expiring Use Low-Income Housing Tax Credit (LIHTC) deals
-
Refinancing of existing tax-exempt bond deals
-
Properties eligible for the Rental Assistance Demonstration (RAD) Program
-
Properties with HUD Section 8 HAP Contracts
-
Properties with existing Rural Housing Service (RHS) Section 515 loans
-
Loans insured under Sections 202 or 236 of the National Housing Act
Ready for Affordable Housing financing?
Affordable transactions can be particularly challenging – our team of experts knows all of the hurdles and can navigate a clear path to closing. In the Affordable space, it’s imperative that you choose a financing partner that considers all of the details associated with the nuances of LIHTC and bond, LURAs (Land use Regulatory Agreements), and Section 8 HAP contracts. Our team will work with you to close on a loan with favorable terms and processing specially designed with these details in mind.
While “big A” Affordable housing financing could be the right path for you and your property, we also have experience in organic or “little a” affordable housing. If you’re interested in learning more about our expertise in organic affordable housing, check out our page on market-rate properties.
W&D Ranks in Affordable Housing
- #
5
Fannie Mae Multifamily Affordable Lender
in 2021
- $
22B
+Affordable Transaction Volume
since 2019
- #
5
HUD MAP Lender
in 2021
