Christine Waldmann Carmody
Christine Waldmann Carmody is a partner in the Washington, D.C. office of Pepper Hamilton LLP, concentrating her practice in real estate and multifamily project finance, specifically in the representation of lenders, real estate developers and public entities.
Ms. Carmody provides loan closing services on a national basis to Fannie Mae, Freddie Mac, FHA/HUD and Ginnie Mae standards. She represents lenders in the origination, sale and assumption of loans under FHA, Fannie Mae and Freddie Mac programs. Services include preparation of all loan documents, representing client at the closing, negotiating as necessary and coordinating with borrower’s counsel, and delivery of final packages to the client and/or investor. Project financing on these deals often includes HAP contracts, Low Income Housing Tax Credits, Bonds, HOME and/or State Funds.
Ms. Carmody currently leads the firm’s efforts with respect to HUD’s lending programs and regularly coordinates closings throughout the United States for lenders providing financing for multifamily housing projects pursuant to FHA insurance programs, including Sections 232, 221(d)(4), 223(a)(7), and 223(f) of the National Housing Act. Ms. Carmody works with several developers on HUD Transfer of Physical Assets Applications and APPS registration, clearance and other regulatory compliance matters.
Ms. Carmody advises public housing authorities, and has extensive experience with their development programs, including HOPE VI, Mixed Finance, Capital Grants and Project Based Section 8 Assistance, as well as all manner of procurement and contracting matters. She regularly assists these clients with their development, financing, investment and operational activities, and their compliance with the requirements of affordable housing programs, including federal, state and local grants, mortgage insurance, tax-exempt bonds and low income housing tax credits. She advises public clients with regard to affiliate formation and mixed finance structures, including public/private partnerships, with and without HOPE VI. Ms. Carmody also has worked with public housing authorities in their efforts to sell homeownership units to residents pursuant to HUD program regulations and grant restrictions, including HOPE I, Section 5(h) and Turnkey III.
Ms. Carmody’s publications include:
- “Owner Blazes New Trail in Restructuring Old Section 202 Loan” (co-author), Affordable Housing Finance, (May 2005)
- “Mixed Finance Rules and Capital Leverage Financing Update,” presented at the New Jersey NAHRO Annual Meeting, Seaview, New Jersey (November 17-19 2004)
- “Pennsylvania Capital Fund Securitization Moves Ahead” (co-author), Housing Bond Report, (October 2004).
Ms. Carmody graduated cum laude from Wellesley College in 1989 and from Georgetown University Law Center in 1995. She was a projects editor of the American Criminal Law Review and a housing and community development clinic participant at the Harrison Institute for Public Law.
Ms. Carmody is a member of Women in Housing and Finance and the ABA Real Property Committee on Financing of Affordable Housing.
B.A. 1989, cum laude, Wellesley College
J.D. 1995 Georgetown University Law Center; projects editor, American Criminal Law Review
Admitted to practice in District of Columbia and Maryland