CHPC is unique in combining extensive experience in housing finance transactions with a deep commitment to affordable housing policy and technical assistance. CHPC is also an expert in finding creative ways to build environmentally sustainable and energy efficient housing. We provide the following specific services to help nonprofit and government agencies build and preserve homes affordable to low-income Californians.
New Construction and Acquisition/Rehabilitation
CHPC advises clients on financial strategies to maximize equity and bond or loan proceeds raised.
CHPC provides expert financial services and technical assistance to help developers and public housing authorities to reposition and revitalize their portfolios of affordable homes.
Public Housing Redevelopment (RAD)
CHPC helps public housing authorities use the Rental Assistance Demonstration (RAD) program in innovative ways.
Maturing LIHTC Properties: Year 15 Investor Exits
CHPC provides expert advice on exit strategies for projects whose Tax Credits are reaching the end of their 15-year compliance period.
Preservation of At-Risk Housing
Our team provides comprehensive training for local government housing staff on best practices in preserving existing affordable housing.
CHPC works collaboratively with developers to design supportive housing developments so they receive the most funding available while meeting residents’ special needs.
Rural and Farmworker Housing
In assisting with the finance of new construction, rehabilitation and acquisition developments, CHPC advises clients on financial strategies to maximize equity and bond or loan proceeds raised, selection of equity investors, lenders, and underwriters, negotiation of deal points, preparation of financial projections, and assistance in obtaining funding from a large array of competitive programs.
Sample Scope of Services
CHPC typically provides the following services:
- Feasibility: Assist Sponsor in reviewing the financing structure of the development.
- Local Government Commitments: Assist Sponsor in creating financial models for submittal to local governments for such funding through CDBG, HOME, or locally administered funds.
- Lender Selection: Assist Sponsor to secure the most advantageous conventional and/or tax-exempt bond financing commitment.
- TCAC Application: Assist Sponsor in structuring a 4% or 9% Low Income Housing Tax Credit application, including project feasibility, syndication and financing projections, meeting California Tax Credit Allocation Committee (TCAC) thresholds, and maximizing competitiveness.
- Other Applications (as needed): Assist Sponsor in structuring competitive applications for a wide range of state funding programs including: CDLAC, Multifamily Housing Program (MHP), Mental Health Services Act (MHSA), Veterans Housing and Homelessness Prevention (VHHP), Affordable Housing and Sustainable Communities (AHSC), and others.
- Syndication of Low Income Housing Tax Credits: Assist sponsor in identifying and securing an investor.
CHPC provides expert financial services and technical assistance to help developers and public housing authorities to reposition and revitalize portfolios, protect assets, and maximize resources. Our staff offers our extensive experience structuring complex financial transactions, comprehensive understanding of housing development and operations, and in-depth knowledge of current housing policy, market conditions and debt and investment terms.
CHPC Portfolio Analysis Services include:
- Identification of client needs, goals, and priorities
- Detailed document and project information review
- Risk assessment and management
- Evaluation of all available funding sources, whether for refinancing, recapitalization,
- or portfolio expansion
- Development of alternative financing plans and structures to achieve top goals
- Identification of strategies to secure fees and equity
- Long-term cash flow review
- Green retrofit analyses and financial planning
- Production of full financial projections
- Funding application preparation
- Lender and investor negotiations
To learn more about CHPC’s Portfolio Services, contact Richard Mandel, Director of Financial Consulting, at firstname.lastname@example.org.
The Rental Assistance Demonstration (RAD) Program allows public housing agencies to leverage public and private debt and equity in order to reinvest in the public housing stock.
CHPC staff is currently working with several housing authorities in California to access the benefits of RAD, including San Francisco, Oakland, Santa Clara County, Fresno City and County, Sutter County, and San Luis Obispo. CHPC is assisting these clients with state-of-the art RAD recapitalizations, including portfolio-wide integration of project-based vouchers awarded through the Section 18 demolition/disposition process.
For more information about our work with this program, contact Richard Mandel, Director of Financial Consulting, at email@example.com.
CHPC provides expert advice on exit strategies for projects whose Low Income Housing Tax Credits are reaching the end of their 15-year compliance period. CHPC will analyze project economics, tax and regulatory considerations, and assist in structuring a financing plan that employs innovative techniques to ensure that the nonprofit sponsor can retain ownership of the project with minimal out-of-pocket cash requirements.
For more information about CHPC’s services around year-15 investor exits, contact Richard Mandel, Director of Financial Consulting, at firstname.lastname@example.org.
Our team provides comprehensive training for local government housing staff on best practices in preserving existing affordable housing. Training sessions focus on basics as well as the latest techniques and strategies in combining funding sources. We provide detailed information regarding what housing is at risk in a community, as well as the tools and strategies to preserve it. Our team helps local agencies to develop their own toolkit for preserving affordable homes in their community, which may include new proforma, underwriting guidelines and benchmarks, and, in the case of preserving existing housing at-risk of conversion, a plan of action for preserving these properties in the most cost-effective manner.
For more information about CHPC’s Preservation Services, contact Richard Mandel, Director of Financial Consulting, at email@example.com.
CHPC works collaboratively with developers to structure supportive housing developments so they receive the most funding available while meeting residents’ special needs. CHPC Housing Finance Consultants have extensive experience helping clients to access funds from the Mental Health Services Act Housing Program, Supportive Housing Program, Veterans Housing and Homeless Prevention Bond Act, McKinney Supportive Housing Program, and others.
For more information about CHPC’s work with supportive housing, contact Richard Mandel, Director of Financial Consulting, at firstname.lastname@example.org.
CHPC staff work with clients in rural areas to access special funding programs for their developments. Common funding programs include Joe Serna Farmworker Housing Grant Program and USDA.
For more information about our rural housing services, contact Laura Kobler, Director, Sacramento Region, at email@example.com.