Sheldon L. Schreiberg is a nationally recognized expert on affordable housing and works primarily in the lending, tax, housing, real estate and policy development areas. His clients include multifamily and commercial developers, investors, lenders, not-for-profit organizations and public housing authorities throughout the United States and its territories.
Mr. Schreiberg’s practice includes the planning, negotiation, documentation and closing of transactions involving multifamily, elderly and health care properties. Mr. Schreiberg has supervised the development and financing of hundreds of millions of dollars of multifamily and health care properties. These transactions have been accomplished with a variety of assistance and funding sources including the Low Income Housing Tax Credit, HUD-FHA Section 8, 202, 236 and 221 financing and syndication, tax exempt bonds, GNMA, Fannie Mae, Freddie Mac, FHLBB, HOPE VI, LIPHRA, RAD and grants, soft loans and insurance by state and local housing agencies. He has extensive experience with HUD’s property disposition sales, partial payments of claims, REAC, 2530, APPS and market-to-market requirements and Inspector General, Enforcement Center, and Department of Justice actions and referrals.
Mr. Schreiberg’s familiarity with the Internal Revenue Service and the Congress has allowed him to develop a sensitivity to statutory, regulatory and political considerations relevant in most areas of government subsidy and guarantee work. By virtue of his work with distressed public housing authorities and multifamily loans and assets, he has come to understand the asset valuation considerations and the real estate and finance strategies critical in these areas.
Mr. Schreiberg has served in the federal government, first with the staff of Senator and Vice President Hubert H. Humphrey, then as executive assistant to the Assistant Secretary for Housing and Urban Development, and as counsel to the Committee on Banking, Finance and Urban Affairs’ (now Financial Services) Subcommittee on Housing and Community Development of the U.S. House of Representatives. In the latter capacity, he served as principal draftsman of housing and multifamily finance legislation.
Prior to joining Lobel, Novins and Lamont, Mr. Schreiberg spent 24 years as a partner with the firm of Pepper Hamilton, LLP where he founded and served as chair of its affordable housing practice.
BOARDS AND MEMBERSHIPS
Mr. Schreiberg has testified before the House of Representatives and the Senate; served as counsel to and a member of the National Housing Preservation Task Force formed by the National Advisory Council of HUD Management Agents and as counsel to the National Housing and Rehabilitation Association. He serves as counsel to the Pennsylvania Affordable Housing Corporation; is a trustee of the National Housing Conference and director of the National Leased Housing Association, the National Housing Law Project, Cinnaire, a national lender and syndicator, and as a member of the Advisory Council of the Humphrey Schoolof Public Affairs at the University of Minnesota. He has been a consultant to the Agency for International Development (AID). He publishes and speaks regularly at industry meetings and has served on the editorial board of the Journal of Tax Credit Housing.
· J.D., Harvard Law School, 1969
· M.P.A., Princeton University, 1966
· B.A., summa cum laude, University of Minnesota, 1964, Phi Beta Kappa
Events & Webinars
Programmatic Updates for Preservation of HUD Multifamily Housing - RAD Subsidy Conversions, Post-M2M and Section 202 Redevelopment, Flexible Subsidy, Project-Based Section 8, and Other Affordable Housing Programs
Statutory and Programmatic Updates for Preservation of HUD Multifamily Housing - Section 202 Redevelopment, Post-M2M Projects, Partial Payments of Claim, and Other Affordable Housing Programs
Programmatic Updates and Proposals for FHA Insurance, Partial Payments of Claim, REAC Inspections, Section 202 Redevelopment, Section 8 Subsidy, Post-M2M Transactions and Other Affordable Housing Programs
Section 202 Mixed-Finance Redevelopment
Section 236 Decoupling
Housing Update - January 2004
Housing Update - July 2003
Section 202 Changes Spur Activity
Housing Update - March 2003