Lending to help tackle the affordable housing crisis
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.
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
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.