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January 31, 2014

This is RAD!

By Partner ESI

HUD’S NEW RAD PROGRAM OFFERS EXCITING OPPORTUNITIES TO IMPROVE THE STATE OF THE US AFFORDABLE HOUSING STOCK.

The U.S. Department of Housing and Urban Development’s (HUD) mission has always been the same: to provide affordable housing. During the most recent (and ongoing) recession, HUD-Insured Loans remained a viable alternative to Government National Mortgage Association (GNMA), Fannie Mae, and Freddie Mac, offering fully amortized long-term loans to multifamily and healthcare properties. However, history has shown that HUD is a counter-cyclical funding finance vehicle. How can HUD nurture their mission in an evolving cycle? The answer may lie in the aging public housing inventory.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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