Affordable Housing
Financings for multifamily properties that serve a low-income tenant population often involve both debt and equity sources of funds and require proper analysis of, and coordination between, available financing tools. Among these tools are mortgages, tax-exempt financing options, low-income housing tax credits, historic tax credits, New Markets tax credits and various government programs for subordinated loans or grants.
The professionals in Love Funding’s Affordable Housing office have a depth of experience with all aspects of a potential financing plan. Through LFC Securities, a subsidiary of Love Funding, they are able to offer loan products with taxable or tax-exempt bond finance, as well as advisory services to bring together tax credit equity sources and other potential State and local government funding to achieve each client’s economic goals.
Services we offer Affordable Housing clients include:
- Underwriting and Placement of Taxable and Tax-Exempt Bond Issuances;
- Project Sources and Uses and Cash Flow Projections;
- Investment of Bond Proceeds and Float Funds;
- Analysis of and Assistance with Low-Income Housing Tax Credit, Historic Tax Credit and New Markets Tax Credit Pricing and Placement;
- Consultation on Taxable and Tax-Exempt Financing Scenarios;
- Procurement of Construction Bridge Financing;
- Evaluation of Alternative Bond Enhancement Options, including FHA, Fannie Mae and Freddie Mac;
- Financial advisory services for the sale of affordable housing properties.
Love Funding has the proven ability to provide a complete package of services to finance an affordable housing project in a timely, cost-efficient manner.