Janel Salinas

Janel Salinas, director, facilitates the technical assistance grant for USDA 515 transfer applications. Janel works closely with nonprofits and housing authorities in all facets of development. These critical tasks include evaluating audit actuals to prepare post construction budgets, analyzing third party reports such as capital needs assessment, 504 plans and appraisal to assist in determining project scope of work, replacement reserves, and available debt per USDA requirements, and utilizing all possible data to prepare the USDA preliminary assessment tool and pro forma for lenders and investors. Janel has over 15 years of successful underwriting and closings of affordable housing developments in both acquisition/rehab and new constructions projects incorporating various types financing structures of hard/soft debt, federal/state tax credits, and bond portfolios.