News

Keeping It Affordable: Update on New LIHPRHA Rules
12/9/2016

Keeping It Affordable: Update on New LIHPRHA Rules

Preserving, improving and increasing the stock of affordable multifamily rental units across the nation is a perennial goal of both the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) and the affordable housing industry in general. Unfortunately, sometimes a housing owner’s best option from a financial perspective is to convert their affordable units to market-rate. In response, HUD has issued new guidelines meant to incentivize owners to keep their units affordable.

10/25/2016

Deals Using New HUD Debt Eligibility Guidance Close

In May of this year, the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) released an update to its Sec. 232 Handbook that included important changes on eligible indebtedness; specifically, an elimination of the two-year seasoning rule in certain instances. Under the changes, certain high quality, stable cash-flowing projects that previously were subject to debt seasoning for two years were now immediately eligible to seek HUD financing. Lancaster Pollard recently put the new HUD debt eligibility guidance to use as it announced the successful closings of 10 separate transactions for three different clients.

FHA Small Buildings Risk Sharing Initiative
10/4/2016

FHA Small Buildings Risk Sharing Initiative

Much attention is paid to preserving and constructing mid-size and large affordable multifamily rental complexes, and rightfully so. Those complexes house a considerable number of people and their preservation is important. Equally important, but often less talked about, is the need to preserve smaller rental properties. Thanks to a new federal program, owners of complexes with as little as five units will soon have a new option to obtain much-needed preservation funding.

10/28/2015

Lancaster Pollard Tops HUD Lean Rankings for 2015

Levin's Dealmaker's Forum details the top HUD Lean lenders for fiscal year 2015, mentioning Lancaster Pollard as the clear leader with 65 closed transactions totaling $531 million.

10/22/2015

Senior Housing News Profiles Top 5 Senior Housing HUD Lenders

Senior Housing News covers HUD's 2015 seniors housing numbers and Lancaster Pollard's role as the top HUD Lean lender since 2010.

2/9/2015

HUD Issues Affordable Housing Clarifications

The U.S. Department of Housing and Urban Development (HUD) recently announced several updates to support its affordable housing programs. Included are both clarifications to existing policies and operational changes. All of the updates will be reflected in the revised Multifamily Accelerated Processing (MAP) Guide that is expected to be released in late February, 2015. Below is a summary of the initiatives:

Stable with Uncertainty: Developments and Trends for Affordable Housing in 2015
2/7/2015

Stable with Uncertainty: Developments and Trends for Affordable Housing in 2015

Stability and uncertainty—two seemingly contradictory terms. But in the context of the affordable housing industry’s outlook for 2015, the two could not be more in sync.

1/15/2015

HUD Proposes Streamlining Certain Public Housing Requirements

The U.S. Department of Housing and Urban Development (HUD) recently issued a notice proposing the streamlining of administrative regulations for public housing, housing choice voucher, multifamily housing, and community planning and development programs.

1/7/2015

Alliance Health and Human Services Named Financing of the Week

Levin's Dealmakers Forum Newsletter named a recent refinance of Alliance Health and Human Services as its Financing of the Week. Read more about how Lancaster Pollard helped this nonprofit refinance two skilled nursing facilities with HUD financing.