About

Affordable Housing Concepts, Inc., organized in 1988, finalized its first transaction that same year. Over the past 16 years, AHCI has been responsible for raising over $600 million in aggregate development costs. As a boutique financial resources firm, AHCI and its principals, pride themselves in a detail-oriented, hands-on approach rooted in personal attention to each and every project. Substantial value accrues to developers because of our flexibility in structuring deal-specific solutions and sheparding complex transactions to achieve satisfying results.

Development

Housing Initiatives, a non profit housing corporation, (“HI”) is a developer of affordable and supportive housing in partnership other non for profits. HI is available as a resource for other developers of such housing and as a joint venture partner.

To date, Affordable Housing Concepts has built a reputation for hands-on personal review, support, and implementation. It has been responsible for tax credit funding for more than one hundred developments. AHCI has helped to create over 7,000 units of affordable housing.

AHCI has earned its place as one of the most respected entities in the area of Low Income Housing Tax Credits. We have created a reputation for ingenuity, innovation, creativity and problem solving, all to the benefit of our developers and investors. We have been successful since our creation fifteen years ago in creating successful strategic investments for the long term. We can recognize that we can only be successful is or partners are successful and if that success is measured over the long term.

Tax Credit Funding

To date, in connection with §42 of the Internal Revenue Code, AHCI has been involved in the structuring, development and funding of over 100 developments resulting in the construction of over 7,000 units of affordable housing. The various types of transactions have been varied and interesting. The developers have included not for profit developers, for profit developers, and government housing agencies. The types of housing have included affordable housing for families, seniors, and mixed use, including market rate and §42 as well as retail and low income housing. Projects have included housing with supportive services, aimed towards the elderly, AIDS, and the mentally impaired, among others. In addition, there have been combinations of historic tax credits and low income housing tax credits.

In addition to extensive use and experience in applying for Federal Low Income Housing Tax Credits, we have provided equity to purchase state Low Income Housing Tax Credits. The ability to provide a single source purchase of both Federal and state credits has facilitated development in both areas.

We have also funded various Section 42 housing transactions with the use of the 4% Tax Exempt Bond Financing and the Federal Low Income Housing Tax Credit in connection with tax exempt bonds.

We have also worked with various HUD funding programs, including HOPE VI, Section 236, interest reduction transactions, and numerous types of state funding programs, including tax abatements, HOME funds, Housing Trust funds, and vacant building programs.

We have further provided structure and equity for transactions with tax abatement certificates in combination with tax credits and various municipal funding programs.”