HUD announced that C. Lamar Seats is the new deputy assistant secretary for the Office of Multifamily Housing Programs. Mr. Seats was a managing director at M&T Realty Capital Corporation, responsible for multifamily loan production related to Federal Housing Administration, Fannie Mae, and Freddie Mac products. Prior to that, he was CEO of Bellwether Enterprise Real Estate Capital LLC, senior vice president at Enterprise Community Investment, Inc., and senior vice president of Reilly Mortgage Group.
HUD’s Office of Multifamily Housing Programs is responsible for the Section 8 Project-Based Rental Assistance (PBRA) program, Section 202 Supportive Housing for the Elderly, Section 811 Supportive Housing for Persons with Disabilities, Section 236, and Section 221(d)(3) Below Market Interest programs, as well as public housing developments converted to PBRA under the Rental Assistance Demonstration.