Sheldon L. Schreiberg is special counsel 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.
He is a third generation Minnesotan.