Services Offered
Step Builder’s actions to interpret and translate these local ordinances, HUD regulations, an construction documents is different than its competitors because it has the power to draw on the skills sets of individuals who have had responsibility for administering public programs and public dollars involved in the acquisition, construction, development, and equipping of affordable multifamily residential rental housing. These teammates have administered programs in a variety of financings, including financings involving HUD’s Public Housing Program, and programs commonly referred to as HUD Section 202, 221(d)(3), 221(d)(4), 223 (a)(7), 223(f), 236, and Mark-To-Market, as well as private activity bonds under IRC Section 142(d) and for IRC Section 501(c)(3) organizations, and low income housing tax credits.
The following is intended to serve as a simple listing of common services provided by Step Builder, LLC in connection with HUD Programs.
- Introductions to market participants
- Assisting the client in real estate site selection
- Assisting the client in real estate acquisition due diligence
- Assembly of applications and accompanying task management
- Ordering third-party reports from qualified service providers for services in conformity with the HUD requirements
- Pro forma review for compliance with various underwriting guidelines and requirements, including HUD’s requirements and covenants
- Market Study reviews
- HUD Insured Multifamily Financing – Section 221(d)(3), Section 221(d)(4), Section 223(f)
- Public & Private Partnerships with public housing authorities and for-profit developers
- HUD Section 202 (Senior Housing) and Section 811 (Special Needs) Financing
- HUD regulatory compliance
- HOME Funds – soft loans
- HUD Project – Based Section 8 Housing Assistance Payments Contracts:
- Expiration
- Renewal
- Opt-out