RAD
  • All About RAD

    Congress authorized the Rental Assistance Demonstration (RAD) program to address the daunting backlog of capital repairs in the nation’s public housing stock and to stem the loss of affordable units. PHAs can now use RAD Component I to access private debt and equity to fund repairs and stabilize properties. In March, Congress expanded eligibility requirements under the RAD program and raised… (more...)

  • Your RAD Team: The Key to Success

    After considering your options, you’ve decided to pursue a Rental Assistance Demonstration (RAD) conversion. Now what?

    It’s time to pick your RAD team! Choosing the right experts to guide you through the conversion process is vital to your success. Here we breakdown the key players in your transaction:

    As with any loan, selecting the right lender for your RAD… (more...)

  • Your RAD Team: The Key to Success

    After considering your options, you’ve decided to pursue a Rental Assistance Demonstration (RAD) conversion. Now what?

    It’s time to pick your RAD team! Choosing the right experts to guide you through the conversion process is vital to your success. Here we breakdown the key players in your transaction:

    As with any loan, selecting the right lender for your RAD… (more...)

  • Take a Closer Look at HUD Multifamily Financing

    Borrowers seeking financing for multifamily properties, or properties with five or more units, may be eligible for a loan through HUD. HUD supports all types of multifamily financing, from acquisition, to refinance, to sub rehab and new construction. Here we break down a few of the financing options you have:

    ACQUSITION

    Do you… (more...)

  • Omnibus Spending Bill: 3 Things to Know

    In March, Congress passed HR 1625, or the 2018 Omnibus Spending Bill. This bill brought about many important changes for the affordable housing community and funds the Federal Government for the remainder of the 2018 fiscal year. Here we breakdown three key features of the bill.

    Love Funding’s Senior Director, Holly Bray, spoke with Tax Credit Advisors about the bill… (more...)

  • Preservation Algebra: Working with PHAs on RAD deals

    By Mark Olshaker April 2018

    “I really like RAD projects,” declares Holly Bray, senior director of originations for Love Funding in Wash­ington, DC. “You’re in the weeds, helping authorities take their housing stocks and making them great. There are a lot of things to figure out and a lot of coordination. But the end result is truly rewarding.”

    Her experience has shown her,… (more...)

  • Affordable Housing Finance FAQ

     Financing for affordable housing communities can get tricky. It oftentimes requires a combination of debt and equity sources and a complex analysis of available financing tools. Love Funding has done it all. Our team has extensive experience underwriting HUD-insured loans involving tax-exempt bonds, low-income housing tax credits (LIHTCs), historic tax credits, new… (more...)

  • Construction Financing for MI Section 8 Apartments

    Love Funding closed two loans totaling $16.4 million to build a new multifamily housing community for low-income residents in Ecorse, Michigan. Renaissance Estates of Ecorse is being built in two concurrent phases on the land that previously held the Wade H. McCree Plaza and Voisine Terraces Apartments. The project will replace the current units built between 1952 and 1962 with 200 affordable… (more...)

  • HUD's RAD Program + Affordable Housing

    A Demo for partnership: HUD’s RAD program taps private dollars to preserve affordable public housing

    By Mark Dellonte, Opinion Contributor — Published 10/27/17 10:15 AM EDT on The Hill

    In many public housing communities around the country, conditions are quickly becoming unlivable. Collectively, public housing authorities (PHAs) face a backlog of $26 billion in deferred… (more...)

  • Love Funding Secures First-of-Its-Kind RAD Financing in Florida

    Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $5.3 million loan to substantially rehabilitate a 96-unit apartment community in Deerfield Beach, Florida, and preserve its affordable status through a unique FHA program.

    Stanley Terrace was built in 1969 as a traditional public housing development,… (more...)