One platform. Fully integrated capabilites. Seamless execution at scale.

12. What is the difference between 4 percent and 9 percent Low-Income Housing Tax Credit (LIHTC)?

Generally, 9 percent LIHTCs provide a larger equity subsidy and are typically awarded through a competitive allocation process administered by state housing finance agencies. They are often used for new construction and substantial rehabilitation projects. Four percent LIHTCs are commonly paired with tax-exempt bond financing and are generally available when program requirements are met.
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13. What is a Public Facility Corporation (PFC) structure, and when is it used?

A Public Facility Corporation (PFC) structure is a partnership between a public entity and a private developer that can help facilitate the development and preservation of affordable housing. PFC structures are often used to create affordability commitments while providing potential property tax benefits that support project feasibility.
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14. What is RAD (Rental Assistance Demonstration), and how does Walker & Dunlop support RAD conversions?

The Rental Assistance Demonstration (RAD) is a U.S. Department of Housing and Urban Development (HUD) program that allows public housing agencies to convert public housing assistance into long-term Section 8 contracts. RAD can help unlock capital for property rehabilitation, modernization, and long-term preservation while maintaining affordability for residents.
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15. How long does a typical affordable housing transaction take to close?

Transaction timelines vary based on factors such as financing sources, regulatory approvals, subsidy programs, property complexity, and market conditions. Affordable housing transactions often involve multiple stakeholders and funding sources, which can extend timelines compared to conventional multifamily transactions.
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16. What markets does Walker & Dunlop's affordable housing platform cover?

Walker & Dunlop provides affordable housing financing, investment sales, equity, valuation, and advisory services. Our professionals bring local market knowledge and national platform capabilities to support affordable housing development, preservation, acquisition, and recapitalization strategies in communities nationwide.
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17. What is workforce housing, and how is it different from affordable housing?

Workforce housing generally serves households whose incomes may exceed traditional affordable housing program limits but still face challenges accessing quality housing near employment centers. While affordable housing is often governed by income and rent restrictions tied to public programs, workforce housing may have fewer regulatory requirements while still providing attainable housing options for working individuals and families.
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18. What is tax-exempt bond financing, and how is it used in affordable housing?

Tax-exempt bonds are a common financing tool used to support affordable housing development and preservation. Because the interest earned by bond investors is generally exempt from federal income tax, tax-exempt bonds can provide sponsors with attractive financing terms. These financings are frequently paired with 4 percent LIHTCs to help fund affordable housing projects.
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19. How does Walker & Dunlop help preserve affordable housing communities

Preserving affordable housing often involves extending affordability restrictions, recapitalizing existing properties, funding renovations, or securing new financing to maintain long-term affordability. Walker & Dunlop supports preservation efforts through financing, equity, investment sales, valuation, and advisory services that help owners protect affordable housing inventory and improve housing quality for residents.
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20. Can Walker & Dunlop support both developers and investors?

Yes. Walker & Dunlop works with developers, owners, investors, housing authorities, nonprofit organizations, and other stakeholders across the affordable housing ecosystem. Our integrated platform provides financing, equity, investment sales, valuation, servicing, and advisory solutions designed to support clients throughout the lifecycle of an affordable housing investment.
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21. What affordable housing financing solutions does Walker & Dunlop offer?

Walker & Dunlop provides access to a broad range of affordable housing financing solutions, including:

• Fannie Mae financing
• Freddie Mac financing
• FHA/HUD financing
• LIHTC equity syndication
• Tax-exempt bond financing
• Bridge lending
• Construction financing
• Permanent financing solutions

Our professionals help clients identify financing strategies aligned with their development, acquisition, preservation, and recapitalization objectives.