Affordable Housing Development
True Casa assists in the entire development process including: site selection, financial modeling and structuring, project design, building code and zoning issues, garnering community support, development team selection, preparing and processing applications to funding agencies, securing and negotiating with investor and lender, closing on project financing, monitoring construction progress and timeline, communicating funder compliance requirements and coordinating with property management for project hand-off.
True Casa is unique in that we specialize in helping nonprofits and communities gain the capacity and tools necessary to get affordable housing units on the ground, especially units for the hardest to serve.
Our firm has significant experience with the 9% Low Income Housing Tax Credit Program in Texas. We stay informed of the most current rules and scoring and how they might impact a potential project. We also are highly skilled at raising the gap funding needed to make these complicated transactions come together. We have raised funds from a multitude of sources including the Federal Home Loan Bank Affordable Housing Program, Texas Department of Housing and Community Affairs Multifamily Direct Loan Program and City of Austin Rental Housing Development Assistance Program.
True Casa’s affordable housing development experience includes:
True Casa is unique in that we specialize in helping nonprofits and communities gain the capacity and tools necessary to get affordable housing units on the ground, especially units for the hardest to serve.
Our firm has significant experience with the 9% Low Income Housing Tax Credit Program in Texas. We stay informed of the most current rules and scoring and how they might impact a potential project. We also are highly skilled at raising the gap funding needed to make these complicated transactions come together. We have raised funds from a multitude of sources including the Federal Home Loan Bank Affordable Housing Program, Texas Department of Housing and Community Affairs Multifamily Direct Loan Program and City of Austin Rental Housing Development Assistance Program.
True Casa’s affordable housing development experience includes:
- Raising over $218 million in grants and loans from public and private sources for the acquisition, rehabilitation and new construction of affordable housing
- Overseeing the financial structuring and development of 1,559 units of affordable housing
- Winning 9% low income housing tax credits in Texas on 10 developments in the past 10 years
- Securing over $10M in grant awards from the Federal Home Loan Bank Affordable Housing Program in 12 awards
- Facilitating the refinancing of six different communities and preserving affordability