HOUSING

The composition, condition and appearance of a community’s housing stock are a reflection of its core values. M&L provides assistance to government, non-profit organizations, developers and property owners aimed at expanding housing choice and improving the condition of the local housing stock. We specialize in the creation and effective management of dignified affordable housing for persons with disabilities, lower income families and elderly households.

• Housing Need Studies
• Conditions Analysis
• Market Analysis
• Impact Studies
• Rehabilitation Studies
• Section 8 Inspection Services
• Development Strategies
• Feasibility Studies and Underwriting Analysis
• Public/Private Homeownership Program Design

• Low Income Housing Tax Credit Financing Strategies
• Applications
• Syndication Services
• Compliance Services
• Low Income Housing Tax Credit Financing Strategies Compliance Services (MLCM)
• HUD 202 and 811 Applications and Refinancing Strategies
• USDA Rural Development Programs
• Tax Exempt Financing Strategies

• HUD Programs
• USDA Programs
• FHLB Programs
• State Programs

EXPERTS WITH RENTAL HOUSING DEVELOPMENT PROGRAMS
Section 42 Housing Tax Credits

To date, Mullin & Lonergan has participated in the development of more than 2,500 units financed in part with equity from the sale of Federal Low Income Housing Tax Credits. We also provide compliance and management training services for rental housing developments assisted in part with HOME funds and/or equity from the sale of Low Income Housing Tax Credits. M&L provides these services through our affiliate firm, M&L Compliance Management, LLC. Additionally, Mullin & Lonergan has participated in the development of more than 640 units of Section 202 elderly housing and Section 811 housing for persons with disabilities.

FAMILIARITY WITH AFFORDABLE HOMEOWNERSHIP PROGRAMS

Mullin & Lonergan has assisted many organizations in carrying out subsidized homeownership programs. Our staff works with private and public agencies to identify potential sources of subsidy, including CDBG funds, HOME funds, State funds and FHLB funds. Typically, these funds are used for homeowner counseling, down-payment assistance, closing cost assistance and second mortgage loans to absorb appraisal gaps. Once a program has been defined, we work with commercial lending institutions to secure commitments for first mortgage loans.

For examples of our Housing work, visit the Project Gallery.