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| James Rice |
Walnut Creek, CA, (March 9, 2020) - AEI Consultants,
a leading commercial real estate assessment and consulting firm, has announced
that industry veteran James Rice has joined the firm as Vice President
of HUD AEC (Architecture, Engineering and Construction) Services, coinciding
with the continued expansion of the firm’s HUD-related service offerings.
“To address the increasing need for affordable housing across the country, HUD
allocations have risen to $47.9 billion for the next fiscal year,” says Staige Miller,
Vice President – HUD Environmental Services at AEI Consultants.
“Accordingly,
we continue to expand our in-house services to accommodate the rising industry
demand for HUD-related projects. James Rice joins our HUD Services Group to lead
a team of dedicated professionals committed to delivering exemplary service and
trusted counsel to each of our
clients.”
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| Staige Miller |
According
to Miller, an average of 32.1 percent of multifamily
development spending is a result of fees and other costs associated with
government regulations, including agency approval systems. These costs have a
direct impact on the growing affordable housing crisis.
“Today’s HUD-approved lenders and developers need consultants who
can advise them on how to navigate these frequently changing regulations,”
Miller says.
“AEI has
a deep history of preparing reports in this sector that help lenders and
developers to more smoothly complete the agency's internal and external review
process, ultimately reducing costs.”
AEI has long provided assessment and consulting services related to HUD lending
regulations. As Vice President of HUD AEC Services, Rice will provide
architectural planning and cost review services for construction and
substantial rehabilitation projects that will be funded or insured through HUD.
Rice, a 20-year industry veteran, says: “As a leading provider of third-party due diligence, environmental assessment and construction risk assessment for HUD-related services, AEI’s stellar reputation within the industry and commitment to excellence made this a natural fit at this stage in my career.”
Contacts:
Lisa James / Elisabeth Manville
Brower Group
(949)
438-6262
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