Barcelon Associates Management Corporation (BAMC) is experienced in collaborating with owners of affordable housing originally financed with HUD Section 202 and Section 236 loans, and projects with HUD Section 8 contracts, to help them determine a pathway to long term preservation of their property and furthering of their mission. Typical strategies include refinancing with FHA 223 (f), 221 D (4), Low Income Housing Tax Credits, and the extension of Project Based Section 8 contracts.
We have achieved, on behalf of our clients, several preservation successes including moderate rehab and cash out for support of additional affordable housing. In addition to preservation consulting BAMC does offer on going property management to insure that owners maintain compliance with HUD, CalHFA, and LIHTC regulations.Our services are designed to meet each owner’s specific needs. Below is a description of services we typically offer our affordable housing partners.