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| | Tax-Exempt
Housing Finance Bonds - LIHTC...
Pursuant
to Section 142 of the IRS Code, tax-exempt
housing finance bonds are available in each state pursuant to a per capita 
allocation set by Congress and IRS each year. In many states, the
allocation process is akin to a lottery, making for-profit developers turn their
back on the development of low/mod-income housing (including Section 42
Low-Income Housing Tax Credits programs) because of a lack of available
financing and/or lack of a defined program partner in the state and federal
governments.
Tax-exempt
housing finance bonds are not the only game in town. If you are looking at
markets located in the Gulf of Mexico, then there may be additional bond
financing available through a Private
Activity Bond statute at the state level, but this requires a carefully
worded response and division of services in the overall project operations
regime. Most rental housing projects do NOT qualify for PAB funding
because the government believes that no stimulus is required to provide
market-rate rental housing - this being covered under the applicable FHA/HUD
statute (Section 221).
Enter
RMC...
Rainmaker
Marketing Corporation provides the feasibility studies required to
substantiate these projects.
Historically,
RMC has focused
on serving the following industries and markets:
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Senior Housing (assisted
living, independent living, congregate care, and CCRC's) |
|
Long-Term Care (skilled
nursing and intermediate care facilities) |
|
Health Care (acute care
facilities, MOB's, clinical facilities, specialty care facilities, etc.) |
|
Hospitality (hotels, motels,
food service, mixed-use, resorts, etc.) |
|
Multifamily Housing (rental,
fee simple, condo, etc.) |
|
Retail/Mixed-Use
(neighborhood, regional, big-box, power centers, etc.) |
|
Master-Planned Communities
(single-family tract housing, large-scale MPC's, etc. |
| |
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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