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We combine Low Income Housing Tax Credit (LIHTC) equity financing with our affordable housing debt solutions to deliver a seamless financing package for the construction or redevelopment of affordable housing.
The Pre-Development Advance Program (PDAP) provides our clients with pre-development advances on transactions where PNC Real Estate is providing tax credit equity. This program assists with pre-development funds for such purposes as meeting carryover requirements, land acquisition, working capital or bridging timing differences related to loan or equity closings. For more specifics about the program, please contact one of our affordable housing experts today.
See other construction/permanent solutions offered through Fannie Mae, Freddie Mac and FHA.
PNC Real Estate has developed an innovative long-term strategy for investment in affordable housing across the U.S. through their Affordable Rental Housing Preservation Funds. The program is backed by a substantial corporate sponsorship position and the ability to provide acquisition financing. The funds will acquire affordable housing properties throughout the U.S. with the intent to preserve and extend long-term affordability utilizing Low Income Housing Tax Credits.
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Historic and New Markets Tax Credit information
Megan Ryan: 202-835-5965
Gayle Manganello Ellis: email@example.com, 603-387-6205
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