Areas of Expertise
Developers provide affordable housing in a variety of ways: constructing new residences, rehabilitating existing buildings or even renovating abandoned public or commercial structures. No matter what form your affordable housing project takes, Step Builder, LLC can direct you toward the appropriate assistance programs for the greatest economic benefit. Our firm has experience obtaining assistance for our clients from numerous federal, state and local government sources.
Low-Income Housing Tax Credit (“LIHTC”) Program.
Tax-Exempt Bonds – Private Activity Bonds (“PAB”).
Department of Housing and Urban Development (“HUD”).
United States Department of Agriculture, Rural Development (“RD”) Programs.
Federal Agency Programs, Fannie Mae, Freddie Mac.
Federal Home Loan Bank’s (“FHLB”) Affordable Housing Program (“AHP”).
Representative Clients
Step Builder, LLC’s members have been closely involved in the acquisition, construction, financing, refinancing, equipping, and sale of hundreds of apartment projects across the country. We are tough, practical negotiators and we assist in structuring our clients’ transactions with a view to reduce their risk and minimize transaction costs. We strive to stay “ahead of the transaction” by offering proactive advice so that our clients are not left waiting for critical ideas.
Other Forms of Financing
Step Builder, LLC is actively involved in transactions on a daily basis which involves conventional forms of construction and permanent financing.
Low-Income Housing Tax Credits
Members of our firm have been active participants in the LIHTC program since the program’s inception in 1986. We provide a wide range of services to clients, representing for profit and nonprofit developers, and property managers.
HUD Programs
Step Builder, LLC has extensive experience interpreting and translating local ordinances, HUD regulations, and construction documents.
Activity Bonds for Multifamily Residential Rental Housing
Step Builder, LLC members have been involved in every major type of financing which the market has seen in the past 30 years.