CASE STUDIES

A Track Record Built Over 30 Years

From subsidy maximization and FHA refinancing to RAD for PRAC conversions, GDG has helped nonprofit housing organizations preserve affordable housing, strengthen communities, and unlock funding for the future.

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Archbishop Carroll Manor

Miami, Florida | 246 Senior Housing Units

Challenge

The property required significant accessibility and structural improvements to support the owner's long-term mission and portfolio growth.

Solution

GDG secured a Mark-Up-to-Market rent increase and guided the refinancing process using a $37 million FHA 223(f) loan.

Impact

The property was completely rehabilitated, and the owner received a significant cash out which they will use to stabalise other properties in their portfolio.

Martha's Vineyard Elder Housing

Martha's Vineyard, Massachusetts | 120 Units Across 10 Properties

Challenge

Ten separate HUD PRAC properties were operating independently, creating administrative complexity and limiting opportunities for long-term investment and operational efficiency.

Solution

GDG is guiding a RAD for PRAC conversion and FHA refinancing strategy that combines all ten properties into a single transaction under one 20-year Section 8 contract.

Impact

The team is securing over $13MM in capital funding to complete accessibility upgrades and to facilitate the combining and conversion of the ten properties into one financial asset.

Tucker House Apartments

Norfolk, Virginia | 126 Affordable Housing Units

Challenge

Two aging HUD 202/8 properties required significant investment to modernize facilities and address long-term maintenance needs.

Solution

GDG secured substantial Section 8 rent increases and guided a two-step refinancing process to pre-pay the HUD 202 Loan, and to refinancing with an FHA 221(d)(4) loan to fund a comprehensive renovation.

Impact

The project funded major property upgrades, improved resident living conditions, and generated resources for additional community improvements.

Jewish Tower & Zaban Tower

Atlanta, Georgia | 260 Affordable Housing Units

Challenge

Two neighbouring affordable housing properties operated under different HUD programs, limiting financing opportunities and operational efficiency.

Solution

GDG combined a Section 8 Mark-Up-to-Market strategy with a RAD for PRAC conversion and a $24 million FHA 221(d)(4) refinancing transaction.

Impact

The refinancing funded major property improvements, streamlined operations, and increased resources available for resident services.

Let's Talk About What's Possible

Every preservation project begins with a conversation. Let's discuss your property, your goals, and the opportunities available to support your residents and strengthen your mission.

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