Section 236 Housing Program (AHA361E)

  • Product Format
  • Pre Recorded Webinar
  • Presenter(s)
  • Paul Flogstad
  • Conference Date
     
  • Tuesday, July 25, 2017
     
  • Aired Time
  • 12:00 am ET - 11:00 pm CT - 10:00 pm MT - 9:00 pm PT
  • Length
  • 100 minutes

Get an Understanding on Who Can Develop, Own and Manage Section 236 Properties

The moderate and low-income tenants have been provided with new and rehabilitated rental housing under the Section 236 Rental Assistance Program. This program was created in 1968 to improve the country's existing housing supply, along with other housing proposals. 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.

Section 236 has been essential in supplying housing at a time when the supply of moderately priced rentals for moderate income families was dwindling. Section 236 construction has completed and the Department of Housing and Urban Development (HUD) has declined to make any new commitments under it. However, the present public policy provides housing assistance to low, middle and upper income household and also benefit from tax expenditures for mortgage interest deductions and tax benefits for rental housing. The housing subsidy costs has not been analyzed properly as small considerations have been given to long-term costs or indirect subsidies. Alternatives to construction continue to be stressed primarily because of short-term cost savings.

This session by our expert speaker Paul Flogstad will provide you with real-world solutions that have worked and not just textbook answers on the Section 236 Housing Program. In this real-world course, Paul 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.

Session Highlights:

  • 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 should attend?

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

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About the Presenter(s)

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples.

Paul enjoys working with people and helping them be the best they can be.