Financing
Practices
The
Housing Authority prides itself on its commitment to maximizing the efficiency
of its project financing strategies and limiting the level of local subsidy
dollars otherwise required for its affordable apartment complexes to be feasible
to develop.
The creation of
customized debt and equity packages for bond financed tax credit assisted
complexes in particular requires an in-depth understanding of capital market
trends and credit analysis criteria, as well as comfortable working
relationships with the most talented individuals in the equity syndication and
municipal finance businesses.
The
efficient execution and responsible administration of these complex transactions
has characterized Housing Authority operations in recent years and permitted
continuing access to the most attractively priced financing alternatives
available in this fast moving marketplace.
The
model financing practices used by the Housing Authority have been awarded and/or
recognized by several housing and finance related experts, including:
