Case Study: Shallowford Pointe achieves 96 affordable housing units with Walker & Dunlop's HUD financing

Shallowford Pointe secures $23.5M financing in 38 days with Walker & Dunlop

Walker & Dunlop provided a solution for Shallowford Pointe, a developer seeking to accelerate an affordable housing project and manage cash flows more effectively. The client needed fast, efficient construction financing to bring its development online.

The solution was delivered through Walker & Dunlop's HUD Tax Credit Pilot Program, which significantly reduced the approval timeline. The vendor secured a $23.5 million HUD 221(d)(4) loan in just 38 days from submission. This financing allowed for the construction of 96 affordable housing units, all restricted to 60% of the area median income and supported by project-based vouchers to ensure long-term accessibility for low-income residents.