HUD Offers Multifamily Affordable Housing Preservation Clinics in Several Locations!
HUD’s Office of Multifamily Housing Programs is pleased to announce a series of local preservation clinics for Section 236 (both FHA-insured and HFA-issued) and Section 202 Direct Loan property owners and their partners. These intensive, one-day trainings will offer participants guidance on the steps to take to preserve the affordability, structural integrity, and financial viability of their properties. Interactive workshops will help owners understand and evaluate their financing, recapitalization, and rental assistance options. Owners will have the opportunity to participate in small groups with HUD staff and preservation experts to discuss specific options and strategies for their properties. A presentation from HUD about recent Multifamily Housing policy changes and updates will also be featured.
Don’t miss this opportunity to get questions answered and share lessons learned with other property owners, partners, HUD staff, and preservation experts!
The clinics are open to all interested owners and stakeholders who would like to register. When space is limited, registration priority will be given to owners located in the field office region where the clinic is occurring, as indicated by the states below. Enrollment will be approved and confirmed as space permits.
Trainings Open for Registration:
|San Francisco Bay Area, CA||Tuesday, October 20, 2015||Priority for owners in AK, Northern CA, ID, MT, ND, SD, WY||Register Today|
|Los Angeles, CA||Thursday, October 22, 2015||Priority for owners in AK, AZ, CA, CO, HI, ID, MT, ND, NV, SD, UT, WY||Register Today|
|Chicago, IL||Tuesday, November 3, 2015||Priority for owners in IA, IL, IN, MI, MN, WI||Register Today|
|Columbus, OH||Monday, November 9, 2015||Priority for owners in IN, KY, MI, OH, PA, WV||Register Today|
Save the Date for the Following Trainings:
|Washington, DC||Wednesday, December 9, 2015
|Priority for owners in DC, DE, MD, PA, VA, WV||Save the Date|
Trainings with More Information Coming Soon:
|Jacksonville, FL||Date TBD||Priority for owners in AL, FL, GA, MS, PR, SC||Coming Soon|
|Atlanta, GA||Date TBD||Priority for owners in AL, GA, KY, NC, SC, TN||Coming Soon|
Please note that the locations are subject to change for the clinics that do not currently have dates scheduled.
Registration will open 6-8 weeks prior to each clinic. The remaining event dates and registration links will be posted as soon as they are available on the HUD Exchange training and events page and announced through the Multifamily Housing Preservation Mailing List.
Multifamily Housing Preservation: Overview
HUD manages a portfolio of over 20,000 privately owned multifamily properties consisting of approximately 1.4 million rental units. Many of these properties were originally financed with FHA-insured or Direct Loans, including:
- Section 236 Mortgage
- Section 202 Direct Loan
The existing stock of affordable Section 202 and Section 236 housing is a critical resource for low-income tenants, including seniors and disabled households who might otherwise not have access to a safe, decent sanitary place to call home. However, the majority of currently-active program mortgages are scheduled to mature within the next ten years. Once these HUD mortgages mature, the HUD affordability restrictions expire as well and any available preservation options essentially vanish. Thousands of elderly, special needs and other low-income households are at risk of losing their affordable housing.
HUD’s multifamily portfolio also consists of properties that are subsidized with Section 8 contracts, along with Public Housing units. Both the Mark-to-Market (M2M) and Rental Assistance Demonstration (RAD) programs were established to facilitate the successful preservation of these aging affordable housing assets.
For more information and resources, visit: https://www.hudexchange.info/programs/multifamily-housing-preservation/