The pieces you need to be the developer.
Four core services, offered together or individually, built around one goal: getting your project closed with your organization in charge.
Meet investor and lender requirements without giving up the deal.
Tax credit investors and lenders require a creditworthy party to stand behind construction, operations, and credit delivery. For many nonprofits and public entities, this is the single reason they hand control to a developer. We provide guarantee support so you do not have to.
Guarantee support may include
- Construction completion and cost overrun guarantees
- Operating deficit guarantees
- Tax credit delivery and recapture guarantees
- Repurchase and environmental indemnity support
- Net worth and liquidity covenant support
- Structures that respect IRS limits on nonprofit guarantees
A financing plan that closes and keeps you in control.
We model the deal, size every source, and run the process with syndicators, lenders, and agencies. Our team has deep experience with HUD/FHA multifamily debt as well as tax-exempt bonds and conventional construction lending.
Capital stack services
- 4% and 9% LIHTC structuring and equity marketing to syndicators and direct investors
- Tax-exempt bond and private activity bond allocation strategy
- HUD/FHA 221(d)(4) and 223(f) debt execution
- Seller financing, RAD conversion notes, and ground leases
- Gap financing, deferred fee, and soft debt layering
- Pro forma, sources and uses, and sensitivity analysis
Federal, state, and local dollars, found and won.
Soft funding is often what makes a deal work for the lowest-income residents. We identify every source a project qualifies for, prepare the applications, and manage the compliance that follows an award.
Funding sources we pursue
- HOME, HOME-ARP, and CDBG / CDBG-DR
- Housing Trust Fund and state housing trust funds
- Choice Neighborhoods and other HUD competitive grants
- Federal Home Loan Bank AHP
- State and local capital subsidy, tax abatements, and PILOTs
- Energy, resilience, and green building incentives
Owner's-side expertise, working for you.
We act as an extension of your staff, managing the dozens of moving parts of an affordable housing development under the direction of your board and leadership.
Development consulting includes
- Portfolio assessment and feasibility analysis
- RAD, Section 18, and HUD application packages
- QAP strategy and tax credit applications
- Design team, contractor procurement, and cost review
- Relocation planning and resident engagement
- Closing management, construction oversight, lease-up, and 8609s
- Board and staff training to build in-house capacity
Have a site, a portfolio, or a RAD conversion in mind?
Tell us what you own and what you want to build. We will tell you how it can be structured so your organization stays the developer.