RAD-All the Latest News! Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX

1. RAD-All the Latest News!Texas Housing ConferenceJuly 28-30, 2014Hilton HotelAustin, TX

2. PresentersModeratorTerri Anderson, Anderson CapitalPanel MembersJerry Anderson, Gill GroupElizabeth Arteaga, HUDBarry Palmer, Coats | RoseDeborah Van Amerongen, Nixon Peabody

3. RAD UpdateWhat’s happening now?Jerry R. Anderson

4. 1. Current Unit Cap vs. Proposed Unit Cap 2. What is happening with current “waiting list” applications 3. Current Closing projections 4. Program Improvements

5. RAD Cap60,000 vs. 180,000/185,000What is the status?

6. What will HUD do for waiting list applicants?Continue to work with Congress to lift the unit capComplete reviews of RAD applications – expect most reviews will be completed within 30 days, the rest in 60 daysIssue conditional approvals pending the lifting of the unit capProvide technical assistance for applicants to help prepare to make transactions go smoothlyIf and when CHAPs are withdrawn/revoked, pull projects from wait list – small number to date

7. What waiting list PHAs can do!Submit more applications!Study PIH Notice 2012-32 REV 1Training MaterialsTalk with your peersCommunicate with residentsProcure a RAD PCARefine your proposalCompile your development teamAmend your Annual Plan

8. Current Closing Projections

9. Program ImprovementsLIHTC Fast TrackingFast Track checklist and instructions just posted on RAD Resource DeskStreamlined submission requirementsCompresses milestones to one deadline 60 days after award/approvalAbility to extend the 60 day deadline as requested by PHARisk-based processing – accounts for extensive review of lender/investor Focuses HUD review on areas where we add valueHelps PHA & development team meet LIHTC time frames

10. FHA/RAD Fast Tracking5 FHA closings to date; several in processingCentralized processingContract support for Section 223(f)/RAD underwritingSpecial centralized team in Chicago for Section 221(d)(4)sStreamlined approval processesOne approval committee replaces RAD/FHA loan committeesWaivers of PCAs and most market studies for Section 221(d)(4)s

11. Updated Guidance Relocation NoticeClarifies process for resident relocation in RAD conversionsDemystifies program requirements to shorten approval processClosing DocumentsClarifying lender rights and responsibilities in event of foreclosureClarifying HAP contract language with regard to future changes in policyConversion GuidesWritten protocols on PBRA and PBV conversionPublic Housing close-out guide

12. Updated Guidance, Continued… Energy EfficiencyNew guidance on Utility Baselines (requirement of PCAs) – may be provided after closingFAQ document on EPCs forthcoming – will address treatment of EPCs for RAD projects2014 Rent LevelsFY14 Rents just posted on RAD Resource DeskFAQs New FAQs on Resource Desk on key topics - utility allowances, rehab assistance payments, and removing units from PIC.

13. Latest Management Changes within HUDOAHPAsset Management

14. For More Information:RAD Notice, application materials, and additional resources can be found at www.hud.gov/rad Email questions torad@hud.gov Rad Resource Deskwww.radresource.netRAD Capital Marketplace www.radcapitalmarketplace.com

15. Or, Get In Touch With Me:Jerry R. Andersonjerry.anderson@gillgroup.com(303) 805-06780(303) 810-4579 Cell

16. Thank You!