Newcastle has experience and expertise in all aspects of affordable/mixed-income housing financing including:
Various financing programs:
Low-Income Housing Tax Credit Program with particular focus on the LIHTC application
Governmental housing finance programs (federal, CHFA, DOH and local), particularly the application processes of these programs
Bank financing programs, both construction and permanent
Other financing programs, including the Federal Home Loan Bank and philanthropic/charitable organizations
Tax-exempt and taxable bond financing
Multifamily underwriting requirements of funding sources
Various housing types including elderly rental, family rental, supportive housing, mixed-income, mixed-use, assisted living, multi-phase public housing revitalization and historic rehabilitation
While each contract is customized based on client need, Newcastle Housing Ventures' services include:
Identification of available financial resources
Preparation of LIHTC applications, first mortgage and subordinate debt applications and grant applications
Preliminary project feasibility analysis
Analysis of large scale revitalization projects, i.e., HOPE VI, Choice Neighborhoods
Preparation of project spreadsheets including source & use statements and operating pro formas
Evaluation of acquisition terms and assistance with acquisition negotiations
Coordination of development team
Management of closing process
Assistance with State 8-64a requirements and process
Assistance with State resident participation plan requirements