The Solution
The W&D HUD team, worked closely with HUD to successfully negotiate HUD compliance requirements into the municipality’s Redevelopment Agreement allowing the TIF reimbursement financing to be preapproved for full monetization for our client.
The Result
The partnership of all parties involved allowed for a successful closing of the construction loan which will finance the redevelopment of a blighted area into 301 state-of-the-art market rate and affordable multifamily units. Families and residents in the area will directly benefit from the project’s transformation of a deserted site and can feel confident in long-term affordable housing offered at the property.
The experts who closed the deal
Contact an expert
For comprehensive loan services, we are your go-to service provider. Talk with us today about your needs.