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 24 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
Credits |
$108,070,222 |
| 4% Low-Income Housing Tax
Credits |
$99,113,391 |
| Tax Exempt Bonds |
$204,946,667 |
| Local Funds (Redevelopment
Agency 20% Set-Aside, HOME, HOPWA, Section 8) |
$82,216,843 |
| State Funds (State of California
MHP and DDS) |
$29,968,868 |
| Conventional Permanent Loans |
$71,879,292 |
| TOTAL FINANCING SECURED SINCE 1994: |
$661,689,766 |
| Total Number of Housing Units Financed: |
2,224 |
| Total Affordable Communities |
26 |
|
