Nothing is more important to the affordable housing community than preserving (and enhancing) the existing stock of affordable housing. As HUD multifamily developments reach the end of their restricted periods, many such projects and their residents are at risk of conversion to market-rate housing, while others are threatened by age, physical condition, and financial vulnerability.

Klein Hornig lawyers help clients develop and implement viable preservation strategies utilizing the entire housing preservation tool kit, including:

  • Section 8 HAP renewals, including Mark-Up-To-Market to achieve “as is” and “post rehab” market rents;
  • Porting of HAP Contracts/Section 8 Budget Authority under Section 8(bb) and Section 209;
  • Conversion of Section 8 Tenant-Based Vouchers to Project-Based Assistance;
  • Section 8 and PRAC “Pass-Through” Arrangements (for relocation).
  • ELIPHA and LIHPRHA Projects; and
  • HUD-held multifamily loan programs including Mark-to-Market and Green and Resilient Retrofit Program (GRRP).