Affordable Housing

Choose the industry-leading affordable housing platform

We offer unmatched affordable finance and advisory services, delivered by commercial real estate experts. Our team strives to be your trusted partner in creating and preserving affordable housing.  

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Our Mission

Strong performance with exceptional impact

We’re on a mission to improve our nation’s affordable housing stock and ensure people have access to stable, quality, and safe housing. Our unique platform drives strong financial returns for clients and supports the development of thriving communities where people can afford to live where they work, shop, and play.

Comprehensive suite of services & certainty of execution

Whether you need debt or equity financing, investment sales services, or are looking for CRA or impact investment opportunities, we are your partner for creating and preserving quality affordable and workforce housing that strengthens communities.

Unrivaled affordable experience & expertise

The extensive experience of our experts, coupled with diverse backgrounds in affordable housing, make us uniquely qualified to provide you with the best strategic analysis, advisory, and transaction execution.

Specialized capabilities backed by the power of an industry leader

Our dedicated affordable platform allows us to provide you with an experience tailored to your needs, while harnessing the knowledge, resources, and power of one of the largest CRE finance and advisory firms in the United States. We are setting a new standard in affordable housing.

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Affordable capital advisory

Partner with an industry leading capital advisor

Our capital advisors are fully integrated with our broader affordable housing platform and backed by one of the largest commercial real estate finance and advisory firms in the United States. We provide access to a broad spectrum of capital sources and investment banking capabilities.

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INVESTMENT SALES

Affordable investment 
sales experience

With decades of experience and experts from all affordable segments, we provide you with the industry’s most comprehensive property and portfolio analysis to maximize the value of your assets. Our experts can successfully guide property owners through any situation, including disposition, refinancing, partnership dissolution, partnership buyout, asset repositioning, and resyndication.

LIHtc Equity

Timely equity execution

Our affordable equity specialists lead in providing tax credit syndication and asset management for development, rehabilitation, and preservation of affordable housing across the country. As one of the largest LIHTC syndicators in the United States, we lead the way in facilitating the development and financing of affordable housing nationwide.

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DEBT

Unparalleled debt execution

Our affordable debt experts provide specialized and innovative financing solutions to meet the needs of affordable housing’s complex structures. Our experienced specialists have a long history of successfully executing transactions using the full range of debt financing options.

Fannie mae

As a top-ranked Fannie Mae lender, our expertise in their products and inclination to explore new solutions enable us to deliver the best financing and execution for our clients. We have developed expertise in Fannie Mae's MBS for Tax- Exempt Bonds (MTEB) forward and immediate executions along with many other financing options.

Freddie mac

As a top-ranked Freddie Mac lender, our expertise in their products and inclination to explore new solutions enable us to deliver the best financing and execution for our clients. We were the first to offer a loan through Freddie Mac’s Direct Purchase of Tax-Exempt Loans (TEL).

FHA/HUD

We have been a top-ranked lender with FHA/HUD for over a decade, and one of the most experienced construction lenders. As an important source of stable capital during countercyclical times, FHA/HUD provides critical mission focused lending to increase housing supply and affordability.

DEBT PLACEMENT

With a wide breadth of lending sources, we maintain relationships with hundreds of capital providers across the country. Our proprietary insights on pricing and market movements give us the ability to deliver creative financing solutions.

Preservation

Creating exceptional impact

Through various funds and proprietary/joint ventures, our preservation investment program directly invests in affordable and workforce properties with the goal of preserving the affordability of assets. A core part of our commitment to strengthening the foundations of the communities we serve includes integrating Corporate Responsibility practices into our investment and operating strategies.

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Valuations

Appraisals from affordable experts

Depend on our dedicated appraisal specialists for affordable multifamily appraisals and the most in-depth market studies in the industry.

Loan servicing

Service through the loan lifecycle

We provide the highest level of client service, with an expert analyst assigned to each loan in our portfolio – giving you a single point of contact and a trusted advisor at all times.

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Our Experience

By the numbers

Top 10

LIHTC Syndicator in 2024

NMHC
LIHTC Syndicator in 2024

100k+

Affordable Units Owned & Operated

Affordable Units Owned & Operated

400k+

Residents Served

Residents Served

#2

Fannie Mae Affordable Multifamily Housing Lender in 2024

Fannie Mae
Fannie Mae Affordable Multifamily Housing Lender in 2024

49k

Units Financed 2022-2024

Units Financed 2022-2024

$10bn+

LIHTC Equity Raised

LIHTC Equity Raised

#5

Freddie Mac Targeted Affordable Housing Lender in 2024

Freddie Mac
Freddie Mac Targeted Affordable Housing Lender in 2024

$1.7bn

Combined Affordable & Workforce Debt Financing in 2024

Combined Affordable & Workforce Debt Financing in 2024

$39.8mm

Affordable Investment Sales Transactions in 2024

Affordable Investment Sales Transactions in 2024

NMHC

Fannie Mae

Freddie Mac

Contact an expert

No matter where your project sits in the affordable housing ecosystem, our experienced and dedicated affordable experts located throughout the country are ready to help you achieve your affordable housing objectives.

Frequently Asked Questions

1. What is Walker & Dunlop’s role in affordable housing?
Walker & Dunlop provides a full suite of finance, advisory, investment sales, debt/equity, valuation, and loan servicing services focused on affordable and workforce housing. Our platform is tailored to help developers, owners, and investors create, preserve, and transact affordable housing assets.

2. Who are Walker & Dunlop's clients and what types of projects do they support?
Our clients include developers, owners, investors, and operators of affordable and workforce housing. We support new development, rehabilitation, preservation, refinancing, and resales of affordable assets.

3. What debt financing options does Walker & Dunlop offer in the affordable space?
We offer Fannie Mae, Freddie Mac, FHA/HUD, and other capital markets financing tools, tailored to affordable housing needs. Insights often publish comparative analyses of these products.

4. What is LIHTC Equity, and how does Walker & Dunlop help syndicate it?
LIHTC (Low-Income Housing Tax Credit) is a federal program that provides tax credits for affordable housing. Walker & Dunlop acts as a syndicator, structuring and managing LIHTC equity for both developers and investors.

5. How does “preservation” fit into the affordable housing strategy?
Preservation maintains or restores existing affordable housing. Walker & Dunlop invests directly, partners on recapitalizations, and integrates Corporate Responsibility practices to maintain affordability.

6. What services does Walker & Dunlop provide in “investment sales”?
We assist with dispositions, refinancing, partnership buyouts, resyndication, and valuation services in affordable housing transactions.

7. Why is valuation / appraisal in affordable housing different?
Affordable housing valuation is complex due to regulatory restrictions, subsidy layers, and compliance. Our specialists provide tailored valuation and market studies.

8. How does loan servicing work for affordable loans?
Loan servicing includes dedicated analysts, compliance monitoring, reporting, and borrower support throughout the loan life cycle.

9. Can you point me to educational and insightful content related to affordable housing trends?
Our Insights section includes articles on financing strategies, market cycles, and housing conferences.

10. How do I engage Walker & Dunlop for my project or investment?
Contact an expert, provide a project summary, and we’ll recommend the right financing or investment strategy.

11. What metrics or scale highlights does Walker & Dunlop have in affordable housing?
Achievements include Top 10 LIHTC syndicator in 2024, #2 Fannie Mae Affordable Multifamily Housing Lender, over 100,000 affordable units owned and operated, $10bn+ in LIHTC equity raised, and over $1.7bn financed in affordable and workforce housing in 2024.

Services

Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.

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Specialties & Sectors

Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.

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