TAX CREDITs and REAL ESTATE DEVELOPMENT CONSULTANTS.
TAX CREDITs and REAL ESTATE DEVELOPMENT CONSULTANTS.
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A development feasibility study evaluates strategies for realizing the value of a real estate asset and aligns them with the owner’s objectives and decision criteria.
We assist the owner with all checklist items required for preparing and submitting applications to federal and state agencies, tax‑credit investors, and construction and permanent financing partners. We also coordinate legal and accounting consultants to ensure all application requirements are met and that the project stays on schedule for financial closing.
Whether the project involves preservation of existing units, ground‑up construction, or repositioning an asset for adaptive reuse, we assist the owner in selecting the development team, managing community and government relations, and preparing predevelopment, entitlement, and construction cost projections. Operating budgets will be tailored to each project and approved by the Owner.
We participate in the design‑development process, including community engagement, to ensure the project aligns with the owner’s objectives and incorporates key construction, budgetary, and green‑energy considerations into the final design.
We provide construction oversight as the Owner’s representative, working with the construction team to conduct meetings with the architect, general contractor, and lenders. These meetings clarify expectations for progress payments/draws, RFIs, change orders, and construction scheduling procedures.
We coordinate construction close‑out to ensure receipt of all O&M manuals, warranties, and required certifications. We also work with the Owner’s property‑management team to ensure the project is brought to market in a timely manner to maximize the value of allocated tax credits. In addition, we provide support to the Owner’s accountant in preparing the placed‑in‑service package and 8609 filings.
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