City Capital Realty believes in supporting and preserving affordable housing initiatives throughout the United States. City Capital Realty is dedicated to providing the best in industry expertise, as well as a full range of services, which allow clients to successfully construct or reposition their affordable rental properties, ensuring long-term asset viability.
City Capital Realty’s expert team has a comprehensive knowledge of both the 4% and 9% Low Income Housing Tax Credit programs, which are used to finance the construction and restoration of low-income, affordable, rental housing. Combining this extensive knowledge with ambition, and working closely with borrowers, HUD, and various other local finance agencies, City Capital Realty counsels clients through the intricacies of the low-cost housing process.
Given the equity gaps common in the development of affordable housing properties, tax credit equity bridge loans are often necessary to carry the project, from construction through leasing, to stabilization. City Capital Realty accomplishes this through the maintenance of strong banking relationships, which enables them to provide developers with the most appropriate and competitive tax credit equity bridge loan for their project.