The Office of Recapitalization (“Recap”) supports the preservation and recapitalization of federally-assisted housing and rental assistance for current and future generations. Recap structures, reviews, and implements transactions to ensure long-term physical and financial viability, often through public-private partnerships and the use of tax-incentivized financing. Recap also implements other affordable housing initiatives which leverage this transactional expertise. Programs currently or recently implemented by Recap include the Rental Assistance Demonstration (RAD), Mark-to-Market (M2M), Post Mark-to-Market (PM2M), Section 236 Preservation, Pre-1974 Section 202 Direct Loan Preservation (including SPRAC), Section 202 Capital Advance NOFAs, Tenant and Community Engagement Initiatives, and the Green Retrofit Program.
The History of Recap. Preservation efforts originally began in the "Office of Multifamily Housing Assistance Restructuring" (OMHAR), established in 1997, to administer the Mark-to-Market program under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). As a result of the M2M program's success and due to the growing need for preservation and affordability across other housing programs, OMHAR expanded its portfolio, taking on a new purpose and a new program name, the "Office of Affordable Housing Preservation" (OAHP), until its transition as the Office of Recapitalization under the Office of Multifamily Housing. Here are the descriptions of the primary programs implemented by the Office of Recap:
Not Sure Who to Contact?
- For RAD Public Housing email email@example.com.
- For RAD Multifamily Housing email firstname.lastname@example.org.
- For Section 236 Preservation email 236Preservation@hud.gov.
- For Pre 1974 Section 202 Direct Loan Preservation email Pre1974Section202@hud.gov.
- For Mark-to-Market email email@example.com.
- Post Mark-to-Market email PostM2M@hud.gov.
- For the Office of Recapitalization Staff Directory visit our web page.