BuzzHouse: COVID-19’s impact on HUD financing for multifamily housing

Baker Tilly’s podcast series specifically for professionals in the multifamily housing industry

In response to COVID-19, the U.S. Department of Housing and Urban Development (HUD) has undergone many changes to its loans and programs. On this episode, Adam Hendin of Gersham Mortgage, joins us to discuss COVID-19’s impact to processing times on HUD loans, underwriting, forbearance, rate fluctuation and the 223f product three-year rule.

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Next Episode: A look into the current multifamily sales market

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Special guest:

Adam Hendin, Vice President at Gersham Mortgage

Adam Hendin specializes in FHA insured financing of multifamily and healthcare properties. He has completed a variety of new construction and refinances of both market rate and affordable properties that involved Historic Tax Credits, Low Income Housing Tax Credits, tax exempt bonds and Project Based Section 8.

Meet the hosts:

Donald N. Bernards, Partner at Baker Tilly

Don Bernards, the partner in charge of Baker Tilly’s housing transactions team, has been active in affordable housing since 1999. He is well-versed in tax issues, structuring affordable housing transactions and identifying major risks in a project. He has worked on affordable housing transactions in 26 states.

Garrick Gibson, Partner at Baker Tilly

Garrick Gibson, a partner on Baker Tilly’s housing transaction team, specializes in partnership tax concepts and tax-incentivized real estate for development projects. He uses his 15 years of experience to structure, model and analyze transactions, acquisitions, dispositions and reorganization of real estate, primarily representing developers.

Resource center:

Baker Tilly specialists understand your industry and how an unplanned event such as the COVID-19 outbreak can affect your organization. Visit our real estate coronavirus resources for additional tools and advice.

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

Submit topic ideas and questions here.

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