Construction Guarantees for LIHTC Projects

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 […]

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Thorpe Housing Development Fund Company Closes on Financing for Senior Housing in Sparkle, NY

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 […]

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Affordable Housing Finance: The Basics

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 […]

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7 Reasons You Need Public Housing Consultants

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 […]

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How LIHTC Financing Works

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 […]

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Low-Income Chicagoans Eligible for Special $5 one-Year Membership to Divvy Bike Sharing Program

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 […]

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The Reserves at Briarwood in Washington, IA Is The Latest Overland Property Group’s LIHTC Housing Project To Receive Approval

The Reserves at Briarwood makes Lightengale Group a perfect four-out-of-four in assisting Overland Property Group (OPG) with a successful LIHTC application to the Iowa Finance Authority (IFA). This latest development comprises new construction of 32 units for mixed-income residents and disabled individuals, including a community clubhouse and parking. This past May witnessed the expected close […]

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Housing Authority of Christian County (HACC) Receives RAD Approval For Two Housing Projects

Housing Authority of Christian County (HACC) Receives Approval of its Rental Assistance Demonstration Application, Ready to Move Forward with Two Rehabilitation and Modernization Projects in Taylorville, Illinois The Housing Authority of Christian County (IL) tasked Lightengale Group to prepare its Rental Assistance Demonstration (RAD) application, and its approval makes Lightengale Group 4-out-of-4 in successful recent […]

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