Industry veteran James Rice named Vice President of HUD AEC Services
Walnut Creek, Calif. (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.”
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.”
In previous roles, Rice completed HUD Capital Needs Assessments, Phase I Environmental Site Assessments and managed hundreds of construction projects across the United States. He has extensive experience in Project Capital Need Assessments (PCNAs), and architectural review and cost estimation project management as well as training in numerous accessibility standards, including UFAS, ADA, ANSI and the Fair Housing Act Guidelines.
Rice has deepened his expertise in the field through ongoing learning and certification opportunities including HUD’s Multifamily Accelerated Processing (MAP) due diligence training, Fair Housing Accessibility workshops, RSMeans Facilities Construction Estimating training and AWCI EIFS Inspectors training. He is a veteran of the US Navy.