Tax Credit Development
21 Alpha Group companies strategically use Low-Income-Housing Tax Credits (LIHTC) to develop and add to their growing affordable housing portfolios. We are experts in tax credit feasibility analysis, 4% and 9% tax credit applications, tax credit syndication, bond inducements, long-term market financing, and Freddie Mac and Fannie Mae financing. When coupled with other governmental affordable housing programs, the LIHTC program proves to be an invaluable way to support the public while generating solid ROI.
Conventional Development
Our companies develop conventional multifamily buildings and nationally-franchised select-service hotels throughout the continental United States. Over the past thirty years, hotel assets have ranged from limited-service hotels to full-service, internationally-branded hotels such as Sheraton, Hilton, InterContinental Hotel Group, Choice, and Ramada. 21 Alpha Group companies also seek to acquire multifamily portfolios that include at least 100 or more units per transaction, regardless of whether construction has started or finished.
Construction
Together we have decades of construction, construction oversight, and "in-place" rehabilitation experience, including 21st Century LIHTC Construction, Inc.'s completion of over $100 million of "in-place" affordable housing rehabilitation work as the general contractor in the past decade alone. We often manage construction from start to finish, including such processes as:
- Physical Needs Assessment
- Project Planning and & Scope Development
- Bid Solicitation & Processing
- Tenant In-Place Rehabilitation
- Progress Reporting
- Warranty Enforcement
- Draw & Pay Processing & Accounting
- Punch List Creation & Management
- Subcontractor Oversight & Management
- Permit Process Management
