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D3G Provides One Stop Green MIP Shop for Walker Dunlop Deal

Congratulations to longtime client Walker Dunlop on securing a $15.5 million HUD loan for the construction of Manseau Flats, a multifamily project located outside of Lambeau Field. This project is expected to qualify for the National Green Building Standard designation, work that D3G supported as part of our one stop shop for Green MIP. We also delivered a range of due diligence services and reports for this project including, a Statement of Energy Design (SEDI), pre-construction radon mitigation review and an Arch and Cost Review. 

http://rebusinessonline.com/walker-dunlop-arranges-15-5m-hud-loan-for-construction-of-multifamily-project-near-lambeau-field-in-wisconsin/

 

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!

 
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