For 40 years, Dick Knapp has acquired, developed, renovated, financed, and managed over 30,000 units of both market rate and government assisted housing. He did this initially at National Housing Partnership (NHP); then with KSI/Kettler and Foulger-Pratt — large institutional developers based in Metropolitan Washington, D.C. — where he started and oversaw their multi-family development and property management divisions.
He has broad expertise in acquisitions, land use, architectural and engineering design, permitting, debt and equity financing, construction management, lease-up, management/maintenance, and long term asset management. His portfolio has been an equal mix of renovation of existing assets and ground up development. He’s a nationally recognized expert in financing using Low Income Housing Tax Credits; tax exempt bonds with 4% Low Income Housing Tax Credits (LIHTC) credit enhanced with HUD mortgage insurance or Fannie Mae, and 9% LIHTC deals financed with taxable bonds
During his career, and especially most recently, he has acquired 100% HUD Project Based Section 8 properties (D.C., Virginia, Iowa, and NY) for financial repositioning, renovation, and long term ownership. He has deep experience in partnering and joint venturing with Non Profit property owners and tenant organizations.
He has received numerous affordable housing awards, including the Property Management Association (PMA) highest honor, and the “Private Developer of the Year” award from the Housing Association for Non-Profit Developers (HAND). Mr. Knapp has served on affordable housing boards, published numerous housing and finance articles, and lectured widely on affordable rehab, finance, construction, and property management (ULI, NMHC, Georgetown, Wharton, IREM, PMA)
He graduated in 1976 with a B.A. in history from Grinnell College (honors); and graduated with a Masters in 1982 from University of Pennsylvania where he studied urban planning and their School of Fine Arts and business at the Wharton School. He’s lived in Washington D.C. most of his life, is married, and has two children.