Our plan is to provide consultative services to improve the financial performance and regulatory compliance of rental real estate assets
Washington, DC (PRWEB) January 29, 2015
The Collingwood Group, a Washington, DC-based business advisory firm, is pleased to announce the launch of its newest practice area, Collingwood Multifamily Services.
Collingwood Multifamily Services will provide a comprehensive advisory platform to address the diverse needs of multifamily owners and investors as well as nonprofit and public sector providers. Its focus will be on regulated multifamily property ownership, housing finance, and operations
“Through the launch of Collingwood Multifamily Services, we are expanding into an area that is a natural outgrowth for us, in particular our focus on subsidized rental housing and the HUD Rental Assistance Demonstration program (RAD),” said Brian Montgomery, Collingwood co-founder and Vice Chairman Montgomery, former Assistant Secretary of the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) Commissioner. Montgomery went on to say, “Our plan is to provide consultative services to participants in the subsidized multifamily housing sector, namely owners, developers, investors, FHA lenders, and public housing authorities, to improve the financial performance and regulatory compliance of rental real estate assets.”
Collingwood Multifamily Services will be led by industry veteran John Garvin. Garvin, who is based out of Austin, Texas, is well-known in the field of multifamily housing, having served as the Deputy Assistant Secretary for Multifamily Housing at the FHA, and has spent years supporting the multifamily sector at the Federal, state, and local level. “My work at FHA and as the executive director of an affordable housing trade organization gave me a broad-based perspective on multifamily housing finance and operations, enabling me to understand the business from all points of view, from funder and regulator to owner and operator,” Garvin said. “Our goal at Collingwood is to help our clients navigate the often confusing and burdensome maze of multiple programs and multiple funding sources, to help address the challenges with greater ease.”
While at FHA, Montgomery and Garvin instituted transformative changes that aligned FHA program rules to work better with low income housing tax credits (LIHTC). Most notably, their leadership was instrumental in drastically reducing escrow requirements for LIHTC properties utilizing FHA mortgage insurance, speeding up deal cycle times, and implementing program improvements to modernize HUD’s approach to addressing senior housing need.
For more information on Collingwood Multifamily Services visit http://www.collingwoodllc.com/services/multifamily-services/
About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients’ businesses, promoting revenue growth and increasing investment returns. The firm’s executive team have held leadership positions within housing organizations such as the FHA, the White House, FHFA, and Fannie Mae as well as extensive corporate expertise. Collingwood’s experience spans all aspects of Agency, non-Agency and FHA/VA housing financing programs and Ginnie Mae and GSE securitization activities, among others.