Chaundi Randolph is counsel in Nixon Peabody’s Affordable Housing and Real Estate group. He advises clients on the development and operation of affordable housing. Chaundi draws on his prior 12-plus years of experience at the U.S. Department of Housing and Urban Development (HUD), where he served as lead counsel on several programs for the HUD offices of Public Housing and Multifamily Housing, including the Public Housing Mixed Finance Development program. Accordingly, Chaundi advises clients on a wide range of regulatory and transactional matters involving the acquisition, financing, development, asset management, and preservation of public, HUD-assisted, and multifamily housing developments.
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.
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.
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.
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.
District of Columbia
Florida A&M University, B.S.
Florida A&M University College of Law, J.D.
University of Miami School of Law, LL.M., Real Property Development
Widener University/University of Nairobi International Law Institute
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