Monica Hilton Sussman is a former deputy general counsel for HUD. She brings nearly 30 years of experience in affordable housing, Section 8 and FHA multifamily programs. Monica represents developers in all types of affordable housing transactions and continues her strong relationship with HUD headquarters and regionally.
Much of my work involves helping clients preserve their properties to bring more value to the owners and the tenants. Owners and purchasers of older HUD-assisted or insured properties turn to me for advice on transactional and regulatory matters.
I’m in close contact with HUD officials as we work together to develop new policies to get deals done. These issues take me to Capitol Hill, state agencies and industry trade groups as well.
Speaking and networking at industry events and educating developers, investors, lenders and other industry participants is also a priority for me. I enjoy connecting with others who are passionate about this work and meeting new entrants to the market.
It appears that Congress will be squeezing funding for a long time and that means different things for different clients. Transforming and preserving public housing through RAD is part of the future.
National Housing & Rehabilitation Association/HousingOnline.com | June 22, 2021
The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.
McKnight’s Senior Living | June 21, 2021
The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.
Hofstra University School of Law, J.D.
Syracuse University, B.A., cum laude
District of Columbia
Virginia
Monica was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2022 in the field of Real Estate Law. Monica has been listed in Best Lawyers since 2018.
