A major component of our housing development capital comes from the federal Low-Income Housing Tax Credit program. The majority of our deals are financed through the 9% tax credit program, however, we also have the capacity to develop 4% tax credit and bond financed deals. To date, we have closed with Raymond James Tax Credit Fund, Inc., PNC and National Equity Fund, Inc.
Affordable Housing Tax Credits (LIHTC)
We are actively seeking to develop partnerships with tax credit investors to provide the needed equity to develop our affordable and permanent supportive housing projects. The majority of our developments are financed by 9% tax credits allocated by the California Tax Credit Allocation Committee, along with a number of local and state programs.
In addition to equity investors, we also actively seek partnerships with syndication companies who can help find qualified investors and broker the best affordable housing tax credits deal for our housing developments.