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Corporate Profile


Affirmed Housing Group has extensive experience in residential development. Areas of expertise include site selection, engineering, architecture, construction, relocation, and marketing. We also have extensive knowledge in public finance, low-income housing tax credit acquisition and tax- exempt bond financing.

James Silverwood, President and CEO of Affirmed Housing Group has over 31 years of experience in the development and construction industry, and has extensive experience as general partner in partnerships with over $500 Million of real estate development activity in the past 13 years.

Current development activities include new construction, as well as acquisition and substantial rehabilitation of family and senior apartment complexes throughout California and the mid- Atlantic U.S.

Affirmed Housing Group is currently working with several California cities and non-profit housing development organizations to identify, infill sites for the development of affordable, work-force and senior housing, typical funding sources include:

* Low Income Housing Tax Credits (LIHTC)
* Tax Exempt Housing Revenue Bonds
* HOME Funds (including HOPWA)
* Redevelopment Tax Increment Set-Aside Funds
* Community Development Block Grants
* A.H.P. Funds

  Source Amount  
  9% Low-Income Housing Tax Credit $122,426,159  
  4% Low-Income Housing Tax Credit $112,548,990  
  Tax Exempt Bonds $109,786,921  
  Local Funds (Redevelopment Agency
20% Set-Aside, HOME, HOPWA, Section 8)
$143,834,730  
  State Funds (State of California MHP and DDS) $31,473,878  
  Total Construction Financing $222,335,922  
  TOTAL FINANCING SECURED SINCE 1994: $640,094,832  
  Total Number of Housing Units Financed: 2,459  
  Total Affordable Communities 30  
       
       








 
   
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