Hawkins helped the Cambridge Housing Authority design and implement a strategy of combining resources from the Rental Assistance Demonstration, public housing disposition and replacement with project-based vouchers, 4% low-income housing tax credits and Moving to Work Demonstration funds to undertake the full rehabilitation of its 2,100-unit public housing stock. The process of obtaining HUD approvals and resources and the necessary bond cap allocation, which is limited in Massachusetts, and implementation, will take close to a decade and will result in the preservation for many years of this irreplaceable low-income housing stock.
Role | Counsel to Governmental Agency and Housing Owner |
Distinction | Innovative Approach to Full Rehabilitation of Public Housing Stock |
Clients | Cambridge, Massachusetts Housing Authority |
Issue Size | $1 Billion |
Awards | Featured in HUD’s RAD National Newsletter and Recognized by HUD as a Leading Transaction combining RAD and Other Resources |