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

 

Kudos to CHP for the NAHMA Award

D3G would like to give a shout out to CHP for The Warwick recognition (NAHMA award here). D3G did a lot of consulting work on this, including: Capital Needs Assessment, Environmental Site Assessment, Hazardous Materials Testing (Asbestos, Lead, Mold), Indoor Air Quality analyses, Phase 2 Environmental Sampling, Technical Abatement Specifications and Scope of Work Development, as well as Construction Inspections during rehabilitation.

This work started in the fall of 2008 and concluded in 2012. Determination and patience with this converted 1928 luxury hotel has resulted in 88 single room-occupancy (SRO) housing, supporting previously homeless individuals. Kudos to CHP!

IPM No Longer Required for RAD!

Excellent News! Apparently our constant request for IPM Waivers as well as pointed conversations about IPM, and where/when it is most appropriate, has been heard and a policy change made. Today HUD officially removed IPM from the RAD Scope of Work, and a new scope of work was issued with only three (3) parts for compliance entitled RPCA SOWv2. For those with RAD RPCA’s in progress, pick up the phone and tell your consultants this wonderful news, and save some fees!

Sec. Donovan Speaks at AHF Live

Tags:RAD

I was pleased by what Jennifer Berger and I heard about RAD from our Housing Secretary at the AHF Live conference we attended in Chicago. According to Secretary Donovan, the agency has received applications for more than 90,000 units to convert public housing under RAD and expects to hit the program’s 60,000-unit limit in the early months of 2014.

“That is why we need to increase the cap to 150,000 in our 2014 budget,” Donovan said at AHF Live in Chicago. Read all about it here. With approximately 40% of the early RAD conversions utilizing the LIHTC markets, we would love to see the RAD program authority increased with the upcoming budget / continuing resolution. Fingers crossed until January 16th...

HUD's Contingency Plan for Government Shutdown

Tags:HUD

I was hoping I would not need to send this out.  But just in case the government shutdown doesn't end today, and you work with HUD, you can read the contingency plan here.

D3G Is Founding Member of NEEDA

The National Engineering and Environmental Due Diligence Association (NEEDDA) publicly announced its formation today with seven founding members. These founders, some of the nation’s largest due diligence consulting firms, include Partner Engineering and Science, Inc., EMG, Nova Consulting, IVI International, Inc., AEI Consultants, Dominion Due Diligence Group, and PM Environmental.

Clients of the member firms include national lenders, investors, brokers, attorneys, and other real estate transaction parties.

The founders met throughout 2013 to create bylaws for the non-profit organization whose mission is to “promote the common interests of engineering and environmental consulting stakeholders who provide due diligence for real estate transactions.” Members must provide both engineering and environmental due diligence services and meet the membership criteria.

Read the full press release here.

 
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