Christine Waldmann Carmody is a partner and co-chair of the Affordable Housing and Community Development Practice Group of Pepper Hamilton LLP, resident in the Washington office. Ms. Carmody specializes in programs administered through the U.S. Department of Housing and Urban Development.
Ms. Carmody concentrates her practice in real estate and commercial project finance, specifically in the representation of lenders and developers in connection with the acquisition, construction, substantial rehabilitation and refinancing of affordable and market rate multifamily housing and health care facilities.
Ms. Carmody leads the firm’s efforts with respect to FHA’s MAP and LEAN lending programs. She coordinates closings throughout the U.S. for lenders providing financing for multifamily housing projects and health care facilities pursuant to FHA insurance programs, including Sections 220, 221(d)(4), 223(a)(7), 223(f), 232 and 241(a) of the National Housing Act, with particular expertise in complex structures including those with Low Income Housing Tax Credits, Historic Tax Credits, taxable and tax-exempt bonds, secondary financing from state and local sources, bridge loans, Section 8 contracts, HOPE VI funds, 202 and 236 Use Agreements, and/or mezzanine financing. Ms. Carmody also has closed several LEAN portfolios, and has extensive experience with A/R Financing and Master Leases in connection with FHA financing. In addition, she has assisted lenders in acquiring their FHA MAP and LEAN licenses, as well as Ginnie Mae Issuer approval, and provides guidance on post-closing servicing issues such as TPAs.
In addition to counseling lenders on specific transactions, Ms. Carmody works with lending institutions on applications and approvals as FHA, MAP and LEAN lenders, as well as Ginnie Mae issuers.