Mark Gioioso has been working in the realm of affordable housing finance and development since 1997. He has spent the last five years as a full-time consultant in the field and prior to his time as a consultant, Mr. Gioioso served as a project director with several private, for-profit development firms as well as a manager in the Multifamily Lending Division at the NJHMFA.
Mr. Gioioso works with for-profit and non-profit developers as well as housing authorities in the planning and financing of affordable housing developments, including new construction, substantial rehabilitation/conversions, and developments that involve the re-structuring of various forms of U.S. Department of Housing and Urban Development assistance. Services include project feasibility analyses, identification of all available funding sources, including 4% and 9% LIHTC, and all subsequent negotiations with local, state, federal and private officials. He is currently working with housing authorities throughout the state on their HUD-RAD (Rental Assistance Demonstration) conversions.
Most recently, Mr. Gioioso completed a contract with the Housing Authority of the City of Passaic to structure both financing and equity for several senior public housing properties that were converting to private ownership, via the HUD-RAD program. This project was among the first RAD projects in New Jersey to use 4% tax credit proceeds combined with an FHA loan under the 221(d)4 program. With respect to RAD 2 conversions, Mr. Gioioso successfully assembled financing and all approvals for the conversion of Edward Sisco Village in Wayne, a project originally financed under the Section 236 Interest Subsidy Program.