Kantor Taylor

HUD Programs

Kantor Taylor’s expertise includes all of the significant multi-family housing and community development programs administered by the United States Department of Housing and Urban Development (“HUD”) including FHA/GNMA financing, Section 202/811  and Section 202/811 Mixed-Finance, Section 8, CDBG, HOME, Section 108, HOPE VI, HOPWA, Shelter-Plus Care, Mark-to-Market with Debt Assignment, and Public Housing programs.

FHA/GNMA – Closing and Asset Management

We represent owners and lenders in connection with the acquisition, refinancing, construction and closing of multi-family housing and health care facilities under all FHA/GNMA loan programs, including Sections 221(d)(4), 223(f), 232, 223(a)(7) and 241.

As to existing HUD-insured properties, we assist purchasers and sellers in the acquisition process which can include assuming the existing HUD-insured indebtedness through HUD’s Transfer of Physical Assets (“TPA”) application process. We also assist our clients with all asset management issues that arise in connection with their ownership and management of FHA-insured or HUD-assisted multi-family housing and health care facilities.

202/811 including Mixed-Financing

Kantor Taylor represents nonprofit sponsors in the development of senior and disabled housing under the Section 202/811 programs, which have included Section 202/811 Mixed-Financing utilizing the Low Income Housing Tax Credit Program, as well as other state, local, and private secondary financing. Kantor Taylor represented the first developer to close a Section 202/811 Mixed-Financing project in the country. We also represent owners under HUD’s Section 202 Direct Loan program who are interested in refinancing their existing loan with an FHA or private loan in order to achieve debt-service savings.

Section 8 and Other Rental Subsidy – Acquisition and Asset Management

With HUD-assisted projects, primarily involving the Section 8 program, Kantor Taylor represents sellers and buyers in connection with the real estate acquisition and obtaining HUD approval for HAP Contract Assignment and Assumption. Additionally, we represent owners and management companies with a variety of general asset management and Section 8 issues, including rent renewals, limits on distributions, and use agreement compliance.

Mark-to-Market Program

We represent owners in negotiating their Restructuring Commitments and closing loans under HUD’s Mark-to-Market program. We also represent nonprofit sponsors in the closing of Mark-to-Market debt assignments whereby HUD assigns the holder interest in the restructured Mark-to-Market debt to the nonprofit sponsor.

Related Practice Areas

  • Kantor Taylor PC
    1200 Fifth Avenue, Suite 1910
    Seattle, WA 98101
    t 206.625.9898
    f 206.625.9951