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Housing Finance Consulting

Housing and real estate finance are complex fields, and knowing the territory is essential to success. Common Ground’s team of specialists helps nonprofit and government agencies plot a course and adopt a winning strategy. We help our clients assess alternatives, identify and secure funding sources and assemble financing packages that meet their needs.

 


 

Public Funding Application Process

Common Ground has a remarkable record of success in helping our clients secure public funding for housing and real estate projects. We know how to plan and structure projects to align with the selection criteria of public sector funders. With increasingly competitive processes, this edge can make all the difference.

Our expertise spans:

  • Tax credit financing (LIHTC and other specialized programs)
  • Tax-exempt bonds
  • HUD financing
  • State and local funding
  • Private financing


See the housing finance summary page for more details.

 


 

Feasibility Studies

Common Ground can provide customized advisory services to our clients to meet unique needs, such as deal-structuring advice, financial modeling, cost-containment strategy, refinancing assistance, and negotiation with funders and lenders. We’ve helped clients save millions of dollars, uncover new funding sources, get the most from existing sources, put troubled projects back on track, and manage assets in financially sustainable ways. Whatever your needs, we can be a valuable partner.

The process can include:

  • Site assessment
  • Design concept evaluation
  • Cost estimation for development and operations
  • Assessment of financing sources
  • Market study
  • Community and political issues
  • Schedule projection
  • Generation/assessment of alternative concepts and strategies

 


 

Advisory Services

Common Ground can provide customized advisory services to our clients to meet unique needs, such as deal-structuring advice, financial modeling, cost-containment strategy, refinancing assistance, and negotiation with funders and lenders. We’ve helped clients save millions of dollars, uncover new funding sources, get the most from existing sources, put troubled projects back on track, and manage assets in financially sustainable ways. Whatever your needs, we can be a valuable partner.

 


 

Examples of Recent Work:

Bremerton Housing Authority - Advised senior management on financial re-structuring of a major Hope VI development.

DESC - Financial sustainability analysis of a building acquisition helped client determine capital and operational funding requirements.

Kin On Community Health Care - Feasibility studies on assisted living and senior housing concepts informed board decisions on land use planning.

Navos - Successfully secured State and County funding for affordable housing for persons with mental illness.

Seattle Housing Authority - Secured tax credit financing for a major public housing project, conducted financial analysis, and negotiated the deal structure with project investor.

Sound Transit - Feasibility study assessed viability of affordable housing options at transit locations.

Please contact us to learn how Common Ground can help you meet your goals.

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Examples of Our Work

 

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Seattle Housing Authority - Lake City Court

For this 86-unit multifamily apartment complex, we helped successfully assemble a complex array of funding including HUD HOPE VI funds, City of Seattle funds, federal stimulus funding, LIHTC, a WCRA loan and Renewable Energy Tax Credits.

 

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Pike Market PDA - LaSalle Hotel

We secured funding for this 64-unit mixed-use preservation project involved LIHTC, NMTC, state and local government grants, a Community Development Block Grant loan and private debt.

 

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Imagine Housing - Rose Crest at Talus

We provided initial feasibility and financial consulting on the project so that Imagine Housing could proceed with developing these 50 units of transitional and permanent housing for families and individuals.

 

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Okanogan County Community Action Council - Pine Meadows

The Pine Meadows Senior Housing complex is utilizing HUD Section 202, state and county funding so that low-income seniors in rural Omak, Washington will have new housing to call home.