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Sheldon L. Schreiberg

Sheldon L. Schreiberg is a partner in the Washington office of Pepper Hamilton LLP, where he co-chairs the firm’s Affordable Housing and Community Development Practice Group and works primarily in the lending, tax, housing, real estate and policy development areas. His clients include multifamily and commercial developers, investors, lenders, not-for-profit organizations and public housing authorities throughout the United States and its territories.

Mr. Schreiberg’s practice includes the planning, negotiation, documentation and closing of transactions involving multifamily, elderly and health care properties. From 1980 to date, Mr. Schreiberg has supervised the development and financing of hundreds of millions of dollars of multifamily and health care properties. These transactions have been accomplished with a variety of assistance and funding sources including the Low Income Housing Tax Credit, HUD-FHA Section 8, 202, 236 and 221 financing and syndication, tax exempt bonds, GNMA, Fannie Mae, Freddie Mac, FHLBB, HOPE VI, LIPHRA, and grants, soft loans and insurance by state and local housing agencies. He has extensive experience with HUD’s property disposition sales, partial payments of claims, REAC, 2530, APPS and market-to-market requirements and Inspector General, Enforcement Center, and Department of Justice actions and referrals.

Mr. Schreiberg’s familiarity with the American Recovery and Reinvestment Act (the Economic Stimulus Program) the Exchange and Tax Credit Assistance Program (TCAP) and large government agencies such as HUD, the Internal Revenue Service and the Congress has allowed him to develop a sensitivity to statutory, regulatory and political considerations relevant in most areas of government subsidy and guarantee work. By virtue of his work with distressed public housing authorities and multifamily loans and assets, he has come to understand the asset valuation considerations and the real estate and finance strategies critical in these areas.

Mr. Schreiberg also has served in the federal government, first with the staff of Senator and Vice President Hubert H. Humphrey, then as executive assistant to the Assistant Secretary for Housing and Urban Development, and as counsel to the Committee on Banking, Finance and Urban Affairs’ (now Financial Services) Subcommittee on Housing and Community Development of the U.S. House of Representatives. In the latter capacity, he served as principal draftsman of housing and multifamily finance legislation.

Prior to joining Pepper in 1993, Mr. Schreiberg spent 13 years as a partner with the firm Brownstein, Zeidman & Lore.

Mr. Schreiberg has testified before the House of Representatives and the Senate; served as counsel to and a member of the National Housing Preservation Task Force formed by the National Advisory Council of HUD Management Agents and counsel to the National Housing and Rehabilitation Association. He serves as counsel to the Pennsylvania Affordable Housing Corporation; is a trustee of the National Housing Conference and director of the National Leased Housing Association. He has been a consultant to the Agency for International Development (AID). He publishes and speaks regularly at industry meetings, serves on the editorial board of the Journal of Tax Credit Housing, and chairs Housing Update Live.

A third generation Minnesotan, Mr. Schreiberg received his law degree from Harvard Law School, a Master’s degree in economics and public affairs from Princeton University’s Woodrow Wilson School of Public and International Affairs, and an undergraduate degree from the University of Minnesota (summa cum laude, Phi Beta Kappa).



Education
B.A. 1964, summa cum laude, University of Minnesota; Phi Beta Kappa
M.P.A. 1966 Princeton University
J.D. 1969 Harvard Law School


Bar Admissions
Admitted to practice in District of Columbia and Maryland

Sheldon L. Schreiberg
Partner
Phone: 202.220.1421
Fax: 202.220.1665
schreibergs@pepperlaw.com
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Office(s)
Washington, D.C.

Practice Area(s)
Affordable Housing and Community Development
Financial Services

Multifamily Finance
Nonprofit Organizations and Foundations

Real Estate


Articles


Programmatic Updates for Preservation of HUD Multifamily Housing - RAD Subsidy Conversions, Post-M2M and Section 202 Redevelopment, Flexible Subsidy, Project-Based Section 8, and Other Affordable Housing Programs

HUD Launches its 223(f)/Low Income Housing Tax Credit Pilot Program


Redevelopment of Mark-to-Market Properties

HUD’s PPC Program Is a Valuable Tool for Owners and Investors


Statutory and Programmatic Updates for Preservation of HUD Multifamily Housing - Section 202 Redevelopment, Post-M2M Projects, Partial Payments of Claim, and Other Affordable Housing Programs

Programmatic Updates and Proposals for FHA Insurance, Partial Payments of Claim, REAC Inspections, Section 202 Redevelopment, Section 8 Subsidy, Post-M2M Transactions and Other Affordable Housing Programs


PPC Processing, FHA Modernization and PETRA - Signs of Innovation at HUD

HUD Using More Partial Payment of Insurance Claims to Deal with Troubled Loans


The 2009 Recovery Act: Allocations for Public Housing, Green Retrofits, Section 8, HOME, Low-Income Housing and New Markets Tax Credit Stimulus

The American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund Allocations


Programmatic Updates for HUD-Subsidized, OAHP-Restructured, FHA-Financed and Other Affordable Housing

Section 202 Mixed-Finance Redevelopment


Section 236 Decoupling

Affordable Housing, Low Income Housing Tax Credits and Mixed Finance for Public Housing and Nonprofits, Mark-to-Market and FHA Lending


The Latest On Lockout Overrides And Mortgage Modifications In The Affordable Housing Industry

Housing Update


Affordable Housing, Mixed-Finance Senior and Public Housing, Low Income Housing Tax Credits and FHA Lending

Pennsylvania Capital Fund Securitization Moves Ahead


Housing Update

Housing Update - January 2004


Housing Update - July 2003

Section 202 Changes Spur Activity


Housing Update - March 2003

IRS Offers Additional Guidance to LIHTC Not-for-Profits


IRS Ponders New Rules for Tax Credits and 501(C)(3) Organizations

Housing Update - July/August 2002


Housing Update

Housing Update - May 2001


Housing Update - August 2000

Housing Update - May 2000


Mark-to-Market Basics



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