5/31/2018 Multifamily West Industry Update Denver, Colorado May 31, 2018 Tom Azumbrado , Regional Director, Multifamily West Region Angela Corcoran , Production Division Director, Multifamily West Region Leadership Updates • Brian Montgomery has been Confirmed as the New Assistant Secretary for Housing/FHA Commissioner • Lamar Seats is the new Deputy Assistant Secretary (DAS) • Bob Iber will stay on as a Special Advisor • Arden Sokolow Regional Director for North East has left HUD • Tom Azumbrado will be on detail June through August as the Acting Director of the Office of Asset Management and Portfolio Oversight (OAMPO) • Angela Corcoran will be the Acting Regional Director for Tom Azumbrado starting June 7th through the end of August. 2 1
5/31/2018 Multifamily West Region Management Tom Azumbrado Multifamily West Regional Director 415-489-6604 Thomas.W.Azumbrado@hud.gov Anitha A. Weiss Jeanne M. King Christopher Thornton San Francisco Regional Center Program Analyst Program Advisor Operations Officer Denver Satellite Office 415-489-6741 415-489-6546 415-489-6493 Jeanne.M.King@hud.gov Anitha.A.Weiss@hud.gov Christopher.J.Thornton@hud.gov Angela Corcoran Vacant Vacant Eileen Hearty Production Division Director Asset Management Division Director Asset Management Division Director Asset Management Division Director 415-489-6606 Satellite Office Coordinator Angela.M.Corcoran@hud.gov 303-672-5433 Eileen.M.Hearty@hud.gov Erica Kodiyan Erin Ferguson Ramona Mitchell Terre Jones AE Branch Chief San Francisco UW Branch Chief San Francisco AE Branch Chief San Francisco AE Branch Chief (Denver) 415-489-6661 415-489-6765 415-489-6647 303-672-5439 Erica.B.Kodiyan@hud.gov Erin.C.Walsh-Ferguson@hud.gov Ramona.J.Mitchell@hud.gov Terre.L.Jones@hud.gov Shannon Bergman Gwen Kelleher Silvia Cuellar Adela Escalante RS Branch Chief San Francisco AE Branch Chief Los Angeles/Honolulu UW Branch Chief San Francisco RS Branch Chief (Denver) 415-489-6633 415-489-6632 415-489-6677 303-672-5417 Shannon.M.Bergman@hud.gov Gwen.Kelleher@hud.gov Silvia.L.Cuellar@hud.gov Adela.M.Escalante@hud.gov Laurence Fergison James Raymond Mary Ellen McFarlane TS Branch Chief San Francisco AE Branch Chief LA/Las Vegas AE Branch Chief (Denver/Phoenix) 415-489-6618 415-489-6656 303-672-5411 Laurence.J.Fergison@hud.gov Ames.A.Raymond@hud.gov Mary.E.McFarlane@hud.gov Mark Feilmeier Vacant UW Branch Chief Denver AE Branch Chief (Denver) 303-672-5451 Mark.E.Feilmeier@hud.gov Tim Sovold TS Branch Chief Denver 303-839-2617 Tim.Sovold@hud.gov 3 Multifamily West Production Division San Francisco Regional Center Denver Satellite Office Angela Corcoran Production Division Director ** Underwriter @ @ Construction Analyst 415-489-6606 Angela.M.Corcoran@hud.gov xx Closing Coordinator oo Appraiser && Program Analyst ## Program Assistant Erica Kodiyan UW Branch Chief (San Francisco) Tiger Hudson Jacqueline Perry Morella Lombardi 415-489-6661 Program Analyst Program Assistant Program Advisor Erica.B.Kodiyan@hud.gov 415-489-6756 415-489-6623 303-672-5170 Tiger.Hudson@hud.gov Jackie.L.Perry@hud.gov Morella.J.Lombardi@hud.gov ## Angela Simmons - 415-489-6486 - Simmons.Angela@hud.gov ** Daniel Gallant - 415-489-6527 - Daniel.C.GallantJr@hud.gov Laurence Fergison ** Jacquelyn Marshall - 415-489-6663 - Jacquelyn.E.Marshall@hud.gov TS Branch Chief (San Francisco) ** Page Robbins - 415-489-6629 - Page.Robbins@hud.gov 415-489-6618 Laurence.J.Fergison@hud.gov Shannon Bergman @@ Alamdar Arastu - 415-489-6657 - Alamdar.H.Arastu@hud.gov UW Branch Chief (San Francisco) 415-489-6677 xx Catherine Wagner - 415-489-6434 - Catherine.A.Wagner@hud.gov Shannon.M.Bergman@hud.gov && Cindi Tsai - 415-489-6619 - Cindi.Tsai@hud.gov @@ Eleanor Uy - 415-489-6537 - Eleanor.Uy@hud.gov ** Douglas Lonstein - 415-489-6556 - Douglas.A.Lonstein@hud.gov @@ James Myers - 415-489-6622 - James.A.Myers@hud.gov ** Julie Carter - 415-489-6693 - Julie.E.Carter@hud.gov oo Stephen Belding - 415-489-6744 - Stephen.T.Belding@hud.gov ** Ryan Lewis - 415-489-6673 - Ryan.M.Lewis@hud.gov ** Tina San Juan - 213-223-7407 - Tina.L.SanJuan@hud.gov ** Shanon Timmons - 415-489-6676 - Shanon.L.Timmons@hud.gov Tim Sovold Mark Feilmeier TS Branch Chief (Denver) UW Branch (Denver) 303-839-2617 303-672-5451 Tim.Sovold@hud.gov Mark.E.Feilmeier@hud.gov oo Brett Morgan - 303-675-1675 - Brett.Morgan@hud.gov ** Elaine Chavez - 303-672-5427 - Elaine.M.Chavez@hud.gov oo Christopher Bellegante - 303-672-5205- Christopher.L.Bellegante@hud.gov ** Heather Shea - 303-672-5268 - Heather.N.Shea@hud.gov oo David Melanson - 303-839-2633 - David.Melanson@hud.gov ** James Flynn - 303-672-5421 - James.P.Flynn@hud.gov oo Dennis Thacker - 303-672-5498 - Dennis.V.Thacker@hud.gov ** Kimberly Carabelos - 303-672-5410 - Kimberly.Q.Carabelos@hud.gov @@ Eddie Muniz - 303-672-5157 - Eddie.MunizJr@hud.gov ** Laura Stutzman - 303-672-5446 - Laura.D.Stutzman@hud.gov xx Mikaela Urgo - 303-675-1622 - Mikaela.L.Urgo@hud.gov ** Meagan Recker - 303-839-2675 - Meagan.L.Recker@hud.gov @@ Steven Colony - 303-839-2688 - Steven.P.Colony@hud.gov ** Nadine Hires - 303-672-5182 - Nadine.A.Hires@hud.gov ** Raquel Walstad - 303-672-5435 - Raquel.R.Walstad@hud.gov ** Sandra King - 303-839-2689 - Sandra.K.King@hud.gov ** Thomas Maes - 303-672-5448 - Thomas.W.MaesJr@hud.gov 4 2
5/31/2018 Multifamily West Region Staffing Multifamily Division Current Staff Level Authorized Staff Level San Francisco Production 22 30 Denver Production 19 21 Production Total 41 51 San Francisco AM 52 59 Denver AM 36 42 Asset Management 88 101 Total San Francisco Operations 4 6 Denver Operations 2 2 Operations Total 6 8 Regional Office 3 3 Total 138 163 Note: Original Transformation staffing plan allotted 180 FTEs Multifamily West Region Vacancies PRODUCTION: ASSET MANAGEMENT : OPERATIONS: 3 Underwriters 2 Division Directors 2 Program Analysts 2 Appraisers 1 Branch Chief 2 Construction Analysts 1 Program Analyst 2 Program Assistants 4 Account Executives 1 Closing Coordinator 2 Resolution Specialists 3 Program Assistants On Board Staff = 138 Vacant Positions = 25 Total FTE = 163 Original FTE for Transformation = 180 (due to budget adjustments, current staffing level has been adjusted to 163, 17 less than originally planned) Recent hiring approvals to be onboarded this FY = 11 1 Appraiser, 1 Production Program Assistant, 1 Underwriter Analyst, 1 Construction Analyst, 1 Closing Coordinator, 1 AM Division Director, 1 AM Program Assistant, 4 Account Executives 3
5/31/2018 FY18 Closings by State 10 1 0 State Closings Units Mortgage 10 Alaska 1 24 $1,388,000 0 Arizona 13 2,509 $240,452,300 1 California 20 1,849 $179,707,100 0 Colorado 15 2,248 $338,866,600 4 Hawaii 1 128 $13,900,000 15 9 Montana 1 81 $2,328,700 20 Nevada 9 1,651 $131,969,400 Oregon 10 856 $73,755,800 13 South Dakota 1 160 $24,165,300 Utah 4 786 $137,427,900 Washington 10 1,344 $238,671,600 1 1 FY18 Closings by Lender 2 2 2 2 11111 12 Closings – 1 Lender 12 9 Closings – 1 Lender 2 8 Closings – 1 Lender 3 9 7 Closings – 2 Lenders 3 5 Closings – 2 Lenders 3 4 Closings – 2 Lenders 8 4 3 Closings – 3 Lenders 4 2 Closings – 5 Lenders 7 5 1 Closings – 5 Lenders 5 7 8 4
5/31/2018 Multifamily West Region Asset Management Assisted and Uninsured Properties Properties Units Annual Assistance 3,373 165,197 $1,520,469,480 Unassisted and Insured Properties Properties Units Unpaid Balance 943 133,198 $10,539,056,109 Assisted and Insured Properties Properties Units Annual Assistance Unpaid Balance 596 52,180 $460,629,792 $2,541,508,274 Total Properties Total Units 4,912 350,575 Closings this Fiscal Year 221(d)(4) NC/SR 223(f) 223(a)(7) Properties: 23 Properties: 46 Properties: 12 Amount: $648,085,300 Amount: $585,579,100 Amount: $134,572,300 Total Properties: 81 FY 2018 YTD Mortgage Amount: $1,368,236,700 FY 2017 Mortgage Amount: $2,188,000,000 FY 2016 Mortgage Amount: $1,480,123,000 5
5/31/2018 LIHTC’s FY 2018 Closings 7 states, 24 projects, $214,054,300 LIHTC closings State Closings Units Mortgage Amount CA 10 912 $82,136,600 CO 4 317 $26,908,500 HI 1 128 $13,900,000 MT 1 81 $2,328,700 NV 2 311 $22,022,500 OR 5 566 $52,858,000 WA 1 169 $13,900,000 90 Firms Issued This FY 221(d)(4) NC/SR 223(f) 223(a)(7) Firms Issued Firms Issued Firms Issued 18 59 13 Average Staff Processing Average Staff Processing Average Staff Processing 46 Days 48 Days 32 Days Intake to Firm Intake to Firm Intake to Firm 80 Days 119 Days 68 Days 6
5/31/2018 FY18 Application Submissions 45 42 Applications Received 40 35 30 25 20 17 15 14 13 13 11 10 10 7 5 0 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 127 Total Applications Submitted FY 18 YTD Applications in Processing Applications in Active Processing 221(d)(4) 223(f) 223(a)(7) Total 55 38 15 2 Applications with Firm Issued 221(d)(4) 223(a)(7) 223(f) Total 35 4 4 27 Properties under Construction 221(d)(4) Total 66 156 7
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