Blending low-income housing tax credits (LIHTC), debt and “soft money” to acquire and renovate existing subsidized affordable housing communities, or “preservation projects.”
Each of our preservation properties is extensively renovated to ensure that it meets the modern needs of our residents and will remain viable and in regulatory compliance for our 15-30 year projected hold period. These complex and time-intensive acquisitions allow us the ability to leverage our political and intellectual capital and bring together multiple subsidies and funding sources to complete transactions. Our long-term development model, internal asset managment policies and commitment to residents enables us to preserve affordable housing and reduce tax credit recapture risk for our limited partners.
Yorkshire Apartments, Fremont NE