Affordable Housing Financing
Capital for LIHTC, Section 8, workforce housing, and income-qualified communities
Financing Housing That Communities Need
Affordable housing is both a critical social need and a compelling investment opportunity, supported by strong government programs, persistent demand, and stable long-term cash flows. George Smith Partners has deep expertise in structuring affordable housing transactions using the full range of public and private capital tools.
We guide developers and owners through the complex layering of tax credits, tax-exempt bonds, agency financing, soft loans, and conventional debt that characterizes affordable housing finance. Our relationships span HUD/FHA lenders, Fannie Mae and Freddie Mac DUS lenders, LIHTC syndicators, state housing finance agencies, and CDFIs.
Affordable Housing Types
LIHTC New Construction
Ground-up development financed with 9% or 4% Low-Income Housing Tax Credits and tax-exempt bonds.
Acquisition-Rehabilitation
Preserving existing housing through acquisition and renovation with LIHTC and agency financing.
Section 8 / Project-Based
Properties with project-based Section 8 Housing Assistance Payment contracts ensuring stable rental income.
Workforce Housing
Moderate-income housing serving essential workers, typically at 60-120% of area median income.
Senior Affordable
Age-restricted affordable communities combining LIHTC with senior housing programs and services.
Mixed-Income
Developments combining market-rate and income-qualified units to create economically diverse communities.