Real Estate Development
We provide feasibility, financial and development consulting services for affordable housing and other community development projects. Our clients are both experienced developers and those new to the affordable housing industry. Our past projects have included the full spectrum of affordable housing resources, including VHDA, DHCD, and private sector financing, Low Income Housing Tax Credits, HOME and CDBG, New Market Tax Credits, USDA Rural Development financing, and many others. We’re comfortable operating in the “layer cake” world of complex, multi-sourced housing development projects.
HDAdvisors was the financial consultant hired to bring New Market Tax Credit (NMTC) equity into CARITAS’s new $25M facility in South Richmond. CARITAS is Central Virginia’s largest homeless services organization providing services to the homeless, extremely low income and persons suffering substance use disorders. HDA helped CARITAS to secure $15M of highly competitive NMTC equity, eliminating CARITAS’s need for debt financing on the project.
Eastern Shore of Virginia Housing Alliance
One of HDA’s long-standing clients is the primary nonprofit affordable housing provider on the Eastern Shore. HDA provides real estate finance and development consulting for the organization’s pipeline of affordable housing.