Capital Financing for Affordable Housing New Construction, Rehabilitation and Preservation
Lancaster Pollard has the experience to fund your development, whether you’re looking to finance new construction, upgrade and modernize, convert a building to rental property or preserve an existing or acquired subsidized property. We recognize the nuances, complexities and timing associated with rehabilitation and preservation financing and the impact it has on your funding options.
The importance of saving the existing supply of subsidized housing is more critical than ever; if not saved, these resources are generally lost forever. The cost to preserve is less than the cost to rebuild, so the government offers various programs as incentive for organizations to preserve their affordable housing facilities. Despite the incentives, even the most sophisticated organizations can have challenges navigating the myriad of processes and programs required by the government to fulfill the requirements. Lancaster Pollard is an industry leader in successfully navigating these challenges while providing the most appropriate financing structure for the transaction.
For borrowers looking to rehabilitate and preserve subsidized housing, we offer financing through HUD/FHA, Fannie Mae and USDA utilizing both taxable and tax-exempt structures.
Click below to learn more about the financing options available for your rehabilitation or preservation project:
Click here to see the depth and breadth of our affordable housing financing experience.
To discuss your project’s needs with your housing banker, click here.