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Nate Cushman works with affordable housing clients across the country on regulatory and transactional matters involving multifamily affordable housing acquisition, ownership, development, financing, rehabilitation and preservation.
Much of my work is with projects involving the U.S. Department of Housing & Urban Development on a wide range of regulatory and transactional issues. I work with clients who acquire and preserve HUD-regulated projects via transactions at all levels of complexity. I have extensive experience obtaining HUD approval for the assignment and long-term renewal of project based Section 8 contracts in connection with acquisition/rehabilitation preservation transactions. I assist clients on projects involving project based voucher contracts; prepayment, refinance and transfer of HUD loans; Section 236 decouplings and redecouplings; prepayment of 202 loans; transfer of Section 8 HAP Contracts and other HUD documents under Section 8(bb) and other legal authority; HAP contract combinations and splits; unit conversion approval; subsidy conversions under the Second Component of HUD’s Rental Assistance Demonstration (RAD) program; and other HUD-related programs and restrictions.
I work regularly with developers and public housing authorities in connection with mixed-finance public housing transactions. My experience in these transactions includes special structures permitted under Moving to Work authority; multiphase neighborhood-scale transactions financed through Choice Neighborhoods grants and other financing sources; and conversions of Public Housing subsidy to project based voucher and PBRA contracts under the First Component of the RAD program, both within and outside of a transactional context.
Congress has continued to expand the Rental Assistance Demonstration program. The number of public housing units that can participate in Component One has been increased significantly since the program’s inception, and under Component Two, more focus will shift to the Mod Rehab and PRAC properties. RAD continues to be an excellent opportunity to preserve and rehabilitate existing affordable housing.
District of Columbia
Georgetown University Law Center, J.D., cum laude
Georgetown University, Masters in Public Policy
Messiah College, B.A., magna cum laude
Nate is a board member of a local affordable housing development nonprofit, CHANGE—All Souls Housing Corporation, and is a member of the American Bar Association Forum on Affordable Housing and Community Development.
Washington, DC Affordable Housing & Real Estate partners Richard Price and Nate Cushman cowrote this article discussing how a recently enacted law could provide a lifeline to many Mark-to-Market properties that have significant physical and operational needs.
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