Congress enacted the Section 236 Program in the Housing and Urban Development Act of 1968. While developers secured loans from private lenders, the government provided an interest rate reduction payment to subsidize debt service costs, effectively operating as a subsidy to the developer to reduce the cost of the project and thus the rent levels needed to support it.

Section 236 contracts were often coupled with Rental Housing Assistance Payments in order to reach lower-income households. It merged with the Federal Housing Administration mortgage insurance with the usual tax benefits for residential development, special tax benefits for moderate and low income housing, and a direct mortgage interest subsidy. This mixture of subsidies and mortgage term of 40 years resulted in much lower rents that could have been possible in conventionally financed projects.

In this real-world course, the presenter will be sharing his many experiences with you to enhance the learning and provide you with a vision to have a serious view of your property and make it a success.

Learning Objectives:

• How the Section 236 Housing Program works
• Understanding the subsidy mechanism
• Who may develop and own - profit or non-profit
• Use restrictions
• Who is involved with this program
• Key Regulatory features
• Major Applicant and Tenant Issues
• Understanding who can develop, own and manage Section  236 properties
• Provide specific guidance on program compliance including:
  • Waiting lists 
  • Eligibility
  • Preferences
  • Screening
  • Discrimination
  • Procedural protections
  • Rents
  • Annual Income and exclusions
  • Recertifications
  • Utility allowance
  • Grievance procedures
  • Evictions and Terminations

Who Will Benefit:

• Property Managers
• Property owners
• Maintenance Staff
• Lenders
• Realtors
• Housing Authority Staff

Ask a question at the Q & A session following the live event and get advice pertaining to your situation, straight from our expert speaker.