HUD’s Secret Weapon

SAN DIEGO—The Department of US Housing and Urban Development offers a myriad number of programs to help developers bring projects to fruition.  These are easily found on the department’s website and other sources. But it took experts in FHA multifamily lending programs to spell out what goes in the department’s secret sauce. At one of the early sessions at the  MBA Cref national conference here in San Diego, panelist after panelist talked about the immense talent that resides in the department. 

“You could probably take us off to a secret room and we would answer that question the same,” Dana Wade, EVP and chief underwriter at Dwight Capital LLC, told the audience. “HUD is filled with some of the best people who are very good. They are the unsung heroes at the end of the day. As must as we see some of the frustrations and challenges, there is a lot it takes to make HUD run and operate. There are talented people there.