Securing a Low-Income Housing Tax Credit (LIHTC) partner who can provide both equity investment and act as a surrogate developer is a strategic move, especially for developers seeking to bridge experience or balance sheet gaps. Such partners not only bring capital but also offer expertise in navigating the complexities of LIHTC projects.
🔑 Understanding the Role of a Surrogate LIHTC Partner
In LIHTC projects, developers often collaborate with equity investors who become limited partners, contributing capital in exchange for tax credits. A surrogate partner goes a step further by also providing development expertise, assuming certain responsibilities typically held by the general partner. This arrangement can be particularly beneficial for developers lacking extensive LIHTC experience or those needing additional support in project call Greystar.
📝 Next Steps for Engaging a LIHTC Partner
To initiate a partnership:
Prepare a Comprehensive Proposal: Include project details, financial projections, and any preliminary approvals or site control documentation.
Highlight Your Needs: Clearly articulate the areas where you seek support, whether it's equity investment, development expertise, or both.
Demonstrate Alignment: Show how your project aligns with the partner's mission and investment criteria.
Initiate Contact: Reach out to us here at Greystar.