EPISODE · May 23, 2024 · 1H 4M
How to get $10M+ in Government Funding (LIHTC, Grants, Loans) for Affordable Housing Developments - Tzanimir Borovski
from Affordable Housing & Real Estate Investing
Ever wondered how people can finance $10M+ real estate developments for affordable housing? Tzanimir Borovski (@tzborovski) will show you how his team turned a vision into reality with a real world example: a $36 million affordable housing deal in Northern California!Join our list at www.affordablehousing.io to receive exclusive project updates, content updates, and upcoming opportunities!Tune into the latest podcast episode on "Affordable Housing & Real Estate Investing" where we covered:• What are the different parts in a real estate development process?• What are the differences between market rate vs affordable housing developments?• How do you fund such large projects?• What is the Low Income Housing Tax Credit ("LIHTC")?• What are the different government funding sources available (e.g., CDBG, POHA, IIG, etc.)?• A real world case study to tie everything together!Follow up with Tzanimir here on Linkedin: https://www.linkedin.com/in/tzanimir-borovski-717526176/#AffordableHousing #RealEstateInvesting #TaxCredits #housingdevelopment #FinanceStrategies #CommunityDevelopment #LIHTC #LowincomehousingtaxcreditDISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions. 00:00 Podcast Trailer02:55 Intro05:44 What is a development project?07:51 What are the parts of a real estate development? 11:20 What are some differences between Market Rate vs Affordable Housing Development?18:06 How do Low Income Housing Tax Credits ("LIHTC") get awarded?21:28 What is Low Income Housing Tax Credits "LIHTC" program?26:52 What's the Difference Between 9% and 4% Low-Income Housing Tax Credits? 32:24 What are the different government funding sourcesavailable?33:36 What is the HCD Super NOFA (Notice of Funding Availability)? 34:55 Why is Multifamily Housing Program (MHP) Essential for Affordable Housing Development? 35:45 Interested in Affordable Housing for Farmworkers? Learn About Joe Serna, Jr. Program!37:45 Why is VHHP Program Essential for Affordable Housing Development? 38:23 What is IIG and how can funds be applied towards Affordable Housing Development? 41:13 What is the Affordable Housing & Sustainable Communities "AHSC" Program?44:00 What is Permanent Local Housing Allocation "PLHA" and the Community Disaster Block Grant "CDBG" and how can they be used for Affordable Housing?45:33 What are Earmarks and their role in Affordable Housing?48:54 How To Finance a $36 Million Affordable Housing Project in Northern California?1:01:49 Why is affordable housing hard to solve?1:03:15 How/Where to contact Tzanimir?
What this episode covers
Ever wondered how people can finance $10M+ real estate developments for affordable housing? Tzanimir Borovski (@tzborovski) will show you how his team turned a vision into reality with a real world example: a $36 million affordable housing deal in Northern California!Join our list at www.affordablehousing.io to receive exclusive project updates, content updates, and upcoming opportunities!Tune into the latest podcast episode on "Affordable Housing & Real Estate Investing" where we covered:• What are the different parts in a real estate development process?• What are the differences between market rate vs affordable housing developments?• How do you fund such large projects?• What is the Low Income Housing Tax Credit ("LIHTC")?• What are the different government funding sources available (e.g., CDBG, POHA, IIG, etc.)?• A real world case study to tie everything together!Follow up with Tzanimir here on Linkedin: https://www.linkedin.com/in/tzanimir-borovski-717526176/#AffordableHousing #RealEstateInvesting #TaxCredits #housingdevelopment #FinanceStrategies #CommunityDevelopment #LIHTC #LowincomehousingtaxcreditDISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions. 00:00 Podcast Trailer02:55 Intro05:44 What is a development project?07:51 What are the parts of a real estate development? 11:20 What are some differences between Market Rate vs Affordable Housing Development?18:06 How do Low Income Housing Tax Credits ("LIHTC") get awarded?21:28 What is Low Income Housing Tax Credits "LIHTC" program?26:52 What's the Difference Between 9% and 4% Low-Income Housing Tax Credits? 32:24 What are the different government funding sourcesavailable?33:36 What is the HCD Super NOFA (Notice of Funding Availability)? 34:55 Why is Multifamily Housing Program (MHP) Essential for Affordable Housing Development? 35:45 Interested in Affordable Housing for Farmworkers? Learn About Joe Serna, Jr. Program!37:45 Why is VHHP Program Essential for Affordable Housing Development? 38:23 What is IIG and how can funds be applied towards Affordable Housing Development? 41:13 What is the Affordable Housing & Sustainable Communities "AHSC" Program?44:00 What is Permanent Local Housing Allocation "PLHA" and the Community Disaster Block Grant "CDBG" and how can they be used for Affordable Housing?45:33 What are Earmarks and their role in Affordable Housing?48:54 How To Finance a $36 Million Affordable Housing Project in Northern California?1:01:49 Why is affordable housing hard to solve?1:03:15 How/Where to contact Tzanimir?
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How to get $10M+ in Government Funding (LIHTC, Grants, Loans) for Affordable Housing Developments - Tzanimir Borovski
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