3:00-4:00 p.m

95-H. Developing New Section 202 Housing: A Primer for Providers

Looking for ways to develop affordable housing through the U.S. Department of Housing and Urban Development’s Section 202 program? Then this session is for you. A financing expert and housing consultant will walk you through the Section 202 application process, explain scoring criteria, review estimated timelines, and examine the variety of financing sources that can come together to fill out a project's capital stack. Presenters will pay special attention to the benefits of combining Federal Housing Administration-insured 221(d)(4) debt with a new Section 202 Capital Advance and the importance of the RAD for PRAC Conversion program in structuring new Section 202 developments. Learn how owners and developers have used the Preservation Rent Increase to overcome gaps in funding or reduce deferred developer fee requirements.

• Mark Oswanski, Vice President, Hampden Park Capital & Consulting, LLC
• Ian Wiesner, Senior Vice President of Facilities Advancement, Presbyterian Villages of Michigan
• John Ardovini, Director, Office of Recapitalization, U.S. Department of Housing & Urban Development