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January 10, 2022

LIHTC, Construction, and Green, Oh My!

By Drew McCreery

If you’re keeping up with the Federal Housing Finance Authority (FHFA) caps, guidelines, and mission for 2022, you know it’s getting interesting, with the interplay between green lending and affordable housing. Affordable housing loans are already complex, often accompanied by a tax credit play and a rehab/construction component. With varying guidelines between Fannie Mae and Freddie Mac, state-specific Low Income Housing Tax Credit (LIHTC) requirements, and now green lending targets, “mission-driven” lending could involve a lot of moving parts. While pursuing green financing on top of affordable may seem like an extra level of complication, broader benefits and cumulative savings may make the effort worthwhile. Partner’s Managing Director of Multifamily Services, Drew McCreery, breaks down the benefits in this post from GlobeSt.com.

About the Authors

Drew McCreery

Managing Director, Multifamily

Drew H. McCreery serves as Managing Director, Multifamily as well as serving in a technical capacity as Technical Director of Agency Services at Partner Engineering and Science, Inc. As managing director, and with more than 20 years of commercial real estate experience, he is responsible for understanding and communicating the nuances of agency reporting requirements as well as the unique needs of multifamily assessments. Mr. McCreery’s multifamily role incorporates Agency, LIHTC, HUD, and multifamily Debt/Equity associated with all scopes (PCA, ESA, ALTA, Construction, Zoning, and IH) under one umbrella in order to provide a more holistic approach with refined tools and resources to help us cater to our clients and deliver the highest and most consistent quality. Thus allowing for increased communication and thought leadership to the various entities and institutions including Fannie Mae, Freddie Mac, The Department of Housing and Urban Development, State Housing Authorities, and various multifamily national organizations to assist in policy and maintain Partner as an industry leader through collaboration and partnership.

Get in Touch

Drew McCreery
(310) 774-3165
[email protected]

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