Affordable Housing

Driven by a passion for serving an industry that provides a critical social need, as well as maximizing value for our clients. Greysteel has assembled a specialized team of affordable housing professionals that facilitate individual and portfolio transactions for affordable multifamily property owners.

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Low Income Housing Tax Credit(LIHTC)

  • 4% LIHTC and Tax-Exempt Bond Transactions
  • 9% LIHTC Scoring Analysis
  • Development Analysis
  • State by State QAP Abstracts
  • State Tax Credit Integration (where available)
  • Qualified Contract Expertise
  • Real-Time LIHTC Pricing from the Top LIHTC Syndicators Nationally
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Project-Based Section 8 Program

  • Mark-Up-To-Market Rent Increase Analysis
  • Rent Comparability Study Optimization
  • Section 236 and Section 202 Recapitalization
  • Section 8 Renewal Option Advisory Services
  • Mod-Rehab HAP Contract Conversions
  • Full Mark-to-Market Restructuring
  • Budget-Based Rent Increases (BBRI)
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Other Affordable Housing Programs

  • Rental Assistance Demonstration (RAD) Components 1 and 2
  • USDA Rural Development Section 515/538
  • State and Local Municipality Programs (ex: HOME, AHP, SAIL, etc.)
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Advisory Services OfferedView All

Investment Sales

  • Individual Property & Portfolio Sales
  • General Partnership Interest Sale
  • Valuation Optimization through Expertise in Buyer Financing Structures and Available Soft Money Resources (HOME, AHP, Tax Abatement/PILOT, etc.)
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Debt Placement for Affordable Housing

  • Acquisition Financing
  • Refinancing Alternatives
  • Fannie Mae, Freddie Mac, & FHA/HUD Credit-Enhancement Structures
  • HUD 223(f) and 221(d)(4), 223(a)(7), and 221(d)(4) Pilot
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Recapitalization Advisory Services

  • Assist Owners with resyndication
  • Assist Owners with redevelopment of owned properties
  • Equity Recapitalization / Placement
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AFFORDABLE HOUSING ADVISORY SERVICES

  • Portfolio analysis to determine sale vs. refinance vs. resyndication alternatives
  • NOI Optimization Advisory Services (affordable rent increase options, tax abatements, soft money, etc.)
  • Affordable Housing Consulting Services (advising on the best deal team / financial structures for specific affordable housing executions)
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Recent Affordable Closings View All

10/2021

The Willows

Clovis, California

Multifamily

05/2021

Birchwood at Waldorf

Waldorf, Maryland

Multifamily

05/2021

Candle Chase

Fort Worth, Texas

Multifamily

11/2020

Redwood Gardens

Berkeley, CA

Multifamily

11/2020

The Willows at Dover

Dover, Delaware

Multifamily

09/2020

The Bradford

Hagerstown, Maryland

Multifamily

09/2020

Cascades Village Senior

Sterling, Virginia

Multifamily

06/2020

The Lakeshore

Lake Dallas, Texas

Multifamily

12/2019

Victoria Park at Walkersville

Walkersville, Maryland

Multifamily

12/2019

Victoria Park Jaycees

Waldorf, Maryland

Multifamily

11/2019

Fairspring Senior Apartments

Baltimore, Maryland

Multifamily

10/2019

Majestic Lofts

Milwaukee, WI

Multifamily

10/2019

The Vinings at Christiana

Newark, Delaware

Multifamily

10/2019

Cudahy Commons

Cudahy, Wisconsin

Multifamily

06/2019

Worthington Woods

Washington, D.C.

Multifamily

03/2019

Elsinore Courtyard

Washington, D.C.

Multifamily

03/2019

Park Meadow Villas Portfolio

Lubbock, Texas

Multifamily

02/2019

Victoria Park at Edgewater

Edgewater, Maryland

Multifamily

01/2019

Rush Creek

Arlington, Texas

Multifamily

01/2019

Ironwood Crossing

Fort Worth, Texas

Multifamily

11/2018

Willow Manor at Fair Hill Farm

Olney, Maryland

Multifamily

11/2018

Willow Manor at Colesville

Silver Spring, Maryland

Multifamily

11/2018

Willow Manor at Clopper’s Mill

Germantown, Maryland

Multifamily

10/2018

Printers’ Square

Baltimore City, Maryland

Multifamily

09/2018

Lakewood Apartments

Baltimore, Maryland

Multifamily

06/2018

Artisan Ridge

Dallas, Texas

Multifamily

05/2018

Fairgreen Senior Apartments

Perryville, Maryland

Multifamily

03/2018

Queen Anne Park

Lexington Park, Maryland

Multifamily

01/2018

Largo Center

Upper Marlboro, Maryland

Multifamily

11/2017

Fenner Garden

Norfolk, Virginia

Multifamily

10/2017

Portside Apartments

Dundalk, Maryland

Multifamily

06/2017

City Line Apartments

Newport News, Virginia

Multifamily

03/2017

Takoma Place

Washington, D.C.

Multifamily

07/2016

Rollingcrest Commons

Hyattsville, Maryland

Multifamily

05/2016

Fort Stevens Place

Washington, D.C.

Multifamily

05/2016

Homes on Persimmon

Dallas, Texas

Multifamily

01/2016

The Gallatin

Washington, D.C.

Multifamily

10/2015

Greenway Gardens

Washington, D.C.

Multifamily

08/2015

Belmont Crossing

Washington, D.C.

Multifamily

08/2015

Timothy House & Gardens

Annapolis, Maryland

Multifamily

06/2015

Henson Creek Manor

Fort Washington, Maryland

Multifamily

06/2015

Prairie Estates

Grand Prairie, Texas

Multifamily

05/2015

Little Brook Apartments

Frederick, Maryland

Multifamily

04/2015

The Arbors

Richmond, Virginia

Multifamily

02/2015

Pecan Way Apartments

Dallas, Texas

Multifamily

10/2014

Spring Road Flats

Washington, D.C.

Multifamily

05/2014

Townsend Square

Fredericksburg, Virginia

Multifamily

GET IN TOUCH WITH OUR AFFORDABLE HOUSING TEAM

Interested in our Affordable Housing Services? Contact our team today and learn more about how Greysteel can help you.

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