Grand Opening of Arbor Place of Lisle Lightengale Group celebrates with developers Ryan Companies US, Inc. and Providence Life Services, Inc on the Grand Opening of Arbor Place of Lisle, a new development with 80 affordable housing residences for seniors aged 55 and above that opened in September. The Village of Lisle staff and Trustees […]
Syndicators/investors typically require a lease-up deficit guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. This is listed as a separate guarantee or is made part of the Completion Guarantee in the Limited Partnership Agreement. But, search what does that actually mean? Lease-up Deficits for LIHTC Projects For […]
Lightengale Group led and coordinated LIHTC application and approval processes on behalf of its developer clients for Midtown Crossing Apartments (Des Plaines, IL), Wind Mill Manor (Batavia, IL), Prairie Meadows II (Hoopeston, IL), and Lincoln Park Villas (O’Fallon, IL). Totaling over 4.17 million in LIHTC allocations for 215 units, this marks the latest LIHTC successes […]
Syndicators / investors typically require a construction/completion guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. But, for sale what does that mean for the sponsor? Construction Guarantee The essence of a construction guarantee for a LIHTC project is that the Sponsor agrees to fund any costs in […]
Thorpe Housing Development Fund Company Closes on Financing and Ready to Begin Extensive Rehabilitation of Thorpe Village Affordable Senior Housing Community in Sparkill, health New York Thorpe Village is a four-building independent senior community that will enjoy an efficiency upgrade and modernization of all 200 units and shared community spaces. The owner was assisted by […]
Ever wondered what guarantees are required for Low Income Housing Tax Credit (LIHTC) deals? In this post, viagra dosage we’ve provided an overview of some of the most common required guarantees for these deals so you know what to expect if/when taking advantage of these tax credits. Six Guarantees Syndicators and/or investors typically require six […]
When it comes to affordable housing finance and the world of LIHTCs, there are a few basics you need to know before jumping into a new project. Whether it’s how your LIHTC will be computed, basic procedures within the affordable housing arena, or Federal requirements, this post is a great starting place that will get […]
Public housing is a market that many developers express interest in, malady but can be intimidating and complex to enter or to re-enter. For that reason (and many others), it’s a good idea to work with public housing consultants who can guide you through the financing, strategy, and general processes of this evolving niche. Let’s […]
Ever wondered how LIHTC financing actually works? We’re breaking down the basics in this post so you know how the process works. Federal Government Funding begins at the Federal level. The U.S. Department of Treasury provides tax credits to state governments under the requirement that LITHC-paid housing remains at the affordable level for a minimum […]
A bargain $5 one-year membership to the Divvy bike sharing program is now available for qualifying low-income residents, under a new plan launched by the city, program partner Better Bike Share Partnership, and program sponsor Blue Cross and Blue Shield of Illinois. Single-person households with income below $35,310 per year are eligible for the discounted membership, and the city […]