Andrew Hughes

Principal Consultant

Direct: 651.789.0713
Email: ahughes@mahoneydev.com

Your Principal Consultant Andrew Hughes brings experience from affordable housing development as well as corporate, state and federal real estate finance. Andy started his career as a senior underwriter for the Minnesota Housing Finance Agency.

Andy then worked in corporate real estate finance and development for several years before holding various positions with Sherman Associates, Inc. and CommonBond Communities in Minnesota, for profit and non-profit developers. Andy’s most recent position was with the U.S. Department of Housing and Urban Development (HUD), where he focused on asset management for complex or high-risk multi-family assets.

Practice Areas

  • Financial underwriting and deal structuring
  • Scoring and feasibility analysis for competitive financing sources
  • 4%, 9% and other subsidy applications
  • Section 8 HAP contract renewals and assignments
  • Re-syndications and investor exits
  • Debt and equity solicitations
  • Purchase agreement negotiations
  • Project schedule development
  • Construction draws
  • LIHTC 42m, Carryover and 8609 applications
  • Project management, including due diligence checklists

Fun facts about Andy

Andy loves spending time with his wife, Claire and two daughters, Amelia and Gloria.  He loves to spend time outside whenever he can – hiking, gardening and playing sports with his family, fixing up his old house and everything else he gets time to do!