Public Housing Authorities

Public Housing Redevelopment Financing with FHA and AGM

How FHA Financing Benefits Public Housing Authorities

Faced with overwhelming need, limited resources, and aging housing stock, the 3,300 Public Housing Authorities in the Unted States do some of the hardest work in the multifamily industry – housing some 1.2 million very low income family, elderly, and disabled households who would otherwise have no place to call home. Rehab of existing units or construction of new units requires PHAs to navigate the thicket of RAD, RAD for PRAC and Section 18 regs and complex, layered financing.

Financing Solutions That Fit

AGM is a HUD-licensed FHA lender with more than 30 years of experience in multifamily development and finance. Since 2004, we have lent more than $273 million to finance more than 5,000 units in twenty-seven RAD, RAD for PRAC, and RAD / Section 18 projects with PHAs all across the country.

We know the programs, the regs, the consultants, and the HUD offices that can help PHAs redevelop key assets and improve their housing stock. We know the process and the “logistics” of public housing redevelopment, whether it’s financing, demolition / disposition, tax credits, relocation plans, or how best to use your capital funds. We can help you coordinate the work of your consultants and partners to stack the layers of capital you’ll need to make the financing work.

We know which battles to fight and which to avoid. Most importantly, we know how to get your deal closed. And we will be there with you, every step of the way.

AGM Provides Personalized Support To Closing & Beyond

At AGM, we originate, underwrite, close, fund and service all of our own loans. We’ve had great success harnessing the full potential of FHA with PHAs like you to get public housing construction and substantial rehab done.

A Boutique Lender with Over $10 Billion in Closed Deals

If you have questions during the process — from origination to underwriting to closing to funding to servicing — you can pick up the phone and talk to your underwriter. You can also talk to AGMs owners if you like. You can’t do that at the large institutions. Whether you are considering your first RAD deal or you’re a RAD, RAD / Section 18 pro, AGM is a trusted partner you can count on. Rely on us to help you navigate the process, the rules, and timing that are critical to the success of your project.

Margaret Allen
CEO & Owner

Myles Perkins
President & Owner

Frank Grosch
Senior Vice President

Stephen L. Rudow
Senior Vice President

AGM Knows the Parts, the Players, and the Process

At AGM, we have seen it all and done it all. For more than three decades, we have closed over $10 billion in FHA-insured multifamily project loans nationwide. We know the process and players, including state agencies, bond issuers and bond counsels, many layers of subsidy in the capital stack, and what your tax-credit investor wants and needs. We know the process and the timing, and we know how to get your deal to closing.

Navigating Tenant-Occupied Renovations with AGM

At AGM, we understand the intricacies of in-place rehab and the regs that govern tenant relocation. It’s not just about moving people around, but about cost, timing, and carefully protecting the health and welfare of your residents. From relocation plans to construction draws to equity pay ins to compliance, AGM is with you every step of the way in your in-place rehab.

Ready to build a brighter future for your residents?

Let us be your trusted partner in navigating the journey. Contact AGM today for a free consultation and discover how our reliable FHA-insured loan solutions can unlock your Public Housing Authority’s full potential.