Chaundi S. Randolph

My focus

I focus my practice on the development and operation of affordable housing and real estate transactions, finance and investments, and HUD statutory and regulatory matters.

Regulatory advice

During my practice at HUD, I advised both the offices of Public Housing and Multifamily Housing on all manner of statutory and regulatory issues. These experiences have positioned me well to assist clients in navigating HUD processes to achieve their objectives in structuring novel transactions, repositioning projects, and maintaining operational compliance in existing projects.

Affordable housing transactions

I advise on all manner of affordable housing transactions. During my tenure at HUD, I negotiated and closed transactions that included various financing sources including public housing capital funds, public housing operating funds, tax-exempt bonds, low-income housing tax credits, FHA financing, and conventional debt. I am also well versed in and assist clients with the development, preservation, and repositioning of HUD Assisted Housing developments including those assisted with the Section 202 elderly, Section 811 disabled, and Project Based Section 8 programs.

Looking ahead

As the nation’s affordable housing stock continues to age, I see an increased focus on creative ways to recapitalize, reposition, and preserve affordable housing assets. Accordingly, I think it will remain important to exercise flexibility in terms of funding and recapitalization sources, partnerships, and innovative operations methods to preserve these assets.

Aside from preservation matters, I expect a blitz of new funding for affordable housing development. Congress and the current administration has made it clear, in both the infrastructure bill and the proposed Build Back Better Act, that there is a focus to expand affordable housing across all subgenres over the next decade. Accordingly, with new funding and HUD programs on the horizon, I see new opportunities for development and the expansion of the nation’s affordable housing stock.

Lastly, in the post pandemic population shift from urban centers to areas once thought of as rural or suburban, I sense there will be a rise in the need for affordable housing in these areas, which were once affordable, but are now less affordable due to market pressure from high wage remote workers and low inventory. These shifts will provide both new challenges and unique opportunities to further develop the housing infrastructure within these communities to accommodate the needs of all.

Insights

• “2022 HUD 202 Program: Updates and Opportunities,”LeadingAge Florida's 59th Annual Convention and Exposition, Orlando, FL, July 20, 2022
• “2022 HUD 202 Elderly Housing Program: Updates and Opportunities,” LeadingAge New Jersey & Delaware Annual Meeting + Expo, Atlantic City, NJ, June 2, 2022
• “Hot Topics – Public and Assisted Housing,” ABA—2022 Forum on Affordable Housing Annual Meeting, May 27, 2022
• “Washington Update,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 24, 2022
• “Closing RAD for PRAC Transactions,” HUD Field Counsel Training Parts I and II (2021)
• “Hot Topics in Assisted Housing,” ABA—Forum on Affordable Housing & Community Development Law (“ABA Forum on Affordable Housing”) Annual Conference (2019)
• “Rental Assistance Demonstration Expansion—202 Elderly Housing,” 2019 HUD Annual Closing School (2019)
• “Hot Topics in Assisted Housing,” ABA Forum on Affordable Housing Annual Conference (2018)
• “Power Purchase Agreements and Third-Party Contracts,” 2018 HUD Annual Closing School (2018)
• “Cell Tower Leases and Contemporary Issues,” 2015 HUD Annual Closing School (2015)
• “Careers in Affordable Housing Law,” ABA Forum on Affordable Housing, University of D.C., Clark School of Law (2011)