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The latest in industry news with the insight of Dominion Due Diligence Group (D3G) President, Rob Hazelton

 

LIHTC Pilot Notice

The long-awaited LIHTC Pilot notice was released late last week. Unfortunately, the notice language prohibits the pilot from being used for RAD transactions or New Construction using 4%. The industry will have to raise concern about these limitations because preservation of RAD and PRAC deserve reduced time and fees for transactions.

 

http://d3g.com/images/other_media/RAD/Mortagee_Letter.pdf 

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RAD Collaborative - First Regional Convening (Feb 27th - Mar 1st)

We're headed to the first convening of the RAD Collaborative in Portland, Oregon and hope to see you there! 

http://d3g.com/images/other_media/RAD/RAD_Convening.pdf

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RAD Success in Nashville

The power of public-private partnerships and RAD can be highlighted by Nashville’s dedication, efforts, and outcomes in affordable housing. D3G is proud to have been a part of the MDHA RAD story. This is a truly transformative project for a formerly depressed part of the city. It's so exciting to see the continued success of RAD projects!

 

https://spark.adobe.com/page/gXnmNtGtALo6i/

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D3G’s Green MIP New Construction Project, Manseau Flats, Receives NGBS Bronze Certification

 

Manseau Flats is a six-story, 78-unit community with one- and two-bedroom floor plans. The property offers quick access to the local bike and walking paths along the Fox River and an adjacent marina. The building was constructed with highly-efficient Insulated Concrete Form (ICF) Walls and ENERGY STAR windows while the dwelling units water fixtures are low-flow, the appliances are all ENERGY STAR certified and the water heating and HVAC systems are high-efficiency. Building materials that were selected included low and no VOC paint to improve indoor air quality.

“HUD’s Green Mortgage Insurance Premium Reduction Program is a phenomenal program with a great return on investment for developers but there are a lot of steps and requirements,” said Stephen Evanko, D3G’s Managing Director of Energy and Sustainability. “D3G can support lenders and developers through the process – from the initial Environmental Site Assessments, to the Architectural Reviews, to the energy and green building consulting and verification as well as with the ongoing monitoring.”

 

Residents will benefit from a high-quality, energy-efficient apartment and will pay less in utility costs.

 

 

https://www.multihousingnews.com/post/walker-dunlop-arranges-15m-loan-for-manseau-flats/

https://www.manseauflats.com/ 

 

 

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RAD PBRA & PBV Funding During Shutdown?

Check out the latest news from the RAD Collaborative and be sure to save the date for Northwest Regional RAD+ Convening February 27th-March 1st. Hope to see you there!

 

http://d3g.com/images/other_media/white_papers/RAD_Collaborative_News.pdf 

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