Services to Public Agencies
Our clients include both large and small public housing authorities and other government entities:
For the Atlanta Housing Authority, one of the country’s largest and most active housing authorities, we have provided transaction-specific consulting in the closing of nearly 2,000 units in numerous developments, as well as offering strategic advice, working with architects and planners to craft revitalization plans, developing successful applications for funding, and providing a range of related services.
For the smaller Lexington-Fayette County Urban Housing Authority in Fayette County, Kentucky, D+B advised on the closing of one of the first Rental Assistance Demonstration (RAD) public housing conversions, at Centre Meadows (formerly Pimlico Apartments). The RAD conversion includes the substantial rehabilitation of 206 multifamily units; financing included tax-exempt bonds that were collateralized by an FHA 221(d)(4) mortgage. D+B and its local partner, Phares Consulting, assisted with all aspects of the financing, including funding applications and securing HUD and financing approvals. The transaction closed in March 2014.