Challenges? Not Me!
Shel Schreiberg considers himself very lucky for not experiencing any challenges during his career in the affordable housing sector. He is also very modest in all the projects he and his team members contributed to bringing to fruition. He believes in the power of tax credits in ensuring and sustaining affordable housing for the past several years when public housing development has been nonexistent. Shel Schreiberg is a nationally recognized expert on affordable housing and works primarily in the lending, tax, housing, real estate, and policy development areas. His practice includes the planning, negotiation, documentation, and closing of transactions involving multifamily, the elderly, and healthcare properties. He’s an attorney with Lobel, Novins & Lamont, a private law firm in Washington DC with a practice that emphasizes public interest issues. He has also served in the federal government.
- The benefits of passing tax credits over to states in sustaining the existing public housing today
- Finding a non-problematic career path with no major challenges- how Shel lucked out with a smooth career without any noticeable challenges
- How the affordable housing sector is benefiting from the COVID-19 situation
Listen to his discussion on former Vide-President Hubert Humphrey.
"Be flexible and keep thinking creatively". -Shel Schreiberg
He 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’ Subcommittee on Housing and Communitiy Development of the U.S. House of Representatives. In that capacity, he served as principal draftsman of housing and multifamily finance legislation.
Shel'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.
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.
Hear about his thoughts on what is needed for the housing industry.
He describes some of his team’s small projects with huge impacts as the achievements of his career in the housing sector [2:08]
He shares some stories from his encounters with former vice president Hubert Humphrey and how he opened up Minneapolis in terms of racism laws [6:36]
Why we need tools like the task credit in place to ensure averaging and low-income earners house affordability [9:54]
He describes himself as lucky for not having to deal with major challenges in his career [13:34]
Shel shares some of his contributions both in public policy and representing private and nonprofit organizations [16:24]
Why COVID-19 is positively benefiting the affordable housing sector by getting it talked about [19:12]
Shel urges young people to continue keeping their intentions pure when joining the affordable housing sector [20:53]