Expertise

Renewal Housing Associates, LLC acquires and rehabilitates existing federally-assisted multifamily residential developments and preserves them as affordable housing.

Many older, affordable housing developments need to be repositioned. Some are at risk of conversion to market rate uses and have deferred maintenance and rehabilitation needs. Many owners and general partners need to exit these deals because of changing tax or financial considerations.

In order to pay a competitive price for its acquisitions, and at the same time rehabilitate its properties appropriately, Renewal uses the full range of resources for affordable housing preservation available at all levels of government. These include:

• Low income housing tax credits
• Tax-exempt bonds
• State & local housing trust funds
• HUD Section 236 decoupling

Renewal has successfully completed transactions involving HUD-insured, Fannie Mae and uninsured first mortgage financing. Its equity investors include both local and national housing credit syndicators.