Affordable Housing
Oak Grove Capital provides customized and comprehensive financing solutions for Affordable Housing. Our dedicated Affordable Housing team has unparalleled knowledge and experience in this industry. We are experts in the technical aspects of tax credit finance, bond finance, and understand the complexity of subsidy layering. The Oak Grove team has significant involvement assisting developers in structuring transactions through various issuers and local, state, and federal government agencies to ensure an optimal structure and smooth closing. We offer permanent, construction, and structured financing products. Our financing sources include Fannie Mae, Freddie Mac, and FHA programs. Our clients include non-profit organizations, for-profit owners, and public entities.
We have originated more than $2.5 billion of Affordable Housing mortgages ranging from direct LIHTC and Section 8 transactions to complex LIHTC bond transactions with layers of subordinate debt, tax exemptions, tax abatements, and PILOTS.
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Waterford at CypressTampa, FL450 UnitsFannie Mae Acquisition$16,420,000LIHTC -
Liberty PeakSalt Lake City, UT152 UnitsFreddie Mac Forward$13,840,0004% LIHTC -
5 Property PortfolioCaliforniaFannie Mae MAH Refinance$16,230,000LIHTC -
Mayfair MansonsWashington D.C.410 UnitsFHA 223(f)$26,927,000LIHTC, Section 8, PILOT Agreement -
Riverside PlazaMinneapolis, MN1303 UnitsFHA 221(d)(4)$49,950,000Project Based Section 8 Contracts