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

 

The Housing Authority of the County of San Bernardino, Wells Fargo, & D3G

Congratulations to Wells Fargo and the Housing Authority of the County of San Bernardino! 

Wells Fargo closed a new construction loan and provided tax credit equity for Waterman Gardens, where D3G provided inspections, third party due diligence services and reports.

D3G is proud to have been on the team for this very complex RAD and FHA Section 221(d)(4) affordable housing property.  

Read the full story here.

 

RAD at 3

It was great to read Pat Costigan's article in AHF, "RAD at 3".

Within the piece, he takes a far look into the Rental Assistance Demonstration (RAD) program. Touching on it's origin, initial skeptics, where we are now, how we can improve, and what the future holds for RAD.

See Pat's full article here.

(Patrick Costigan pictured below) 

 

 

 

 

 

 

  

RAD has come a long way in only a few years, and Dominion Due Diligence Group (D3G) is honored to be a cog in the wheel for the transformation of public housing. D3G has over 50,000 units of RAD experience and we are ready to assist your project through RAD conversion. As always, I am here to answer questions and provide assistance. This email address is being protected from spambots. You need JavaScript enabled to view it. anytime.

 

Helping PHAs nationwide...and now in our backyard!

D3G has been assisting housing authorities all over the country, but it is finally great to help the PHA in our backyard!  D3G is honored to have been selected to assist Richmond Redevelopment and Housing Authority (RRHA) with their redevelopment plans.   We are excited to help our own “backyard” with the tools for redevelopment, transformation, and planning to benefit the residents of these communities.

Additional project info

 

D3G's Rental Assistance Demonstration (RAD) services

D3G's FHA/HUD Multifamily Accelerated Process (MAP) services

 

 

Assisted Living Conversion Program

Assisted Living Conversion Program

On August 11th, HUD released a Multifamily memorandum regarding HUD Financing of Assisted Living Conversion Program (ALCP) Properties.  

Since 2000, the department has allowed over 80 senior facilities to receive grants to accommodate renovations for aging in place residents. 

But until now, these properties could not receive FHA mortgage insurance.   The Ft. Worth program office has been given the responsibility to allow Section 236, 202, and 202/8 Direct Loan senior properties with ALCP grants to use the Section 223(f) and Section 223(d4) program.   This is wonderful news for seniors and the housing industry!

REITs finally notice Rental Assistance Demonstration (RAD)

As we near the 3 year anniversary of the Rental Assistance Demonstration (RAD) program, I am pleased to see such articles as this: 

“Public-Private Alliance Can Solve Affordable Housing Crunch”

http://www.americanbanker.com/bankthink/public-private-alliance-can-solve-affordable-housing-crunch-1075216-1.html   

 The REITs are finally noticing RAD and the potential the program has to preserve much needed affordable housing in this country. 

 
      For the latest from D3G 

         
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