Preservation Funds
Designed to strengthen and preserve affordable housing developments by complementing Low-Income Housing Tax Credit (LIHTC) investments, preservation funds are equity real estate investments in existing affordable multifamily rental housing – providing benefits to tenants, investors and our operating partners alike.
Benefits for tenants
The benefits of preservation funds don’t stop with preserving the affordable rental housing within a community, the tenants also benefit from improved living conditions, upgrades to community amenities and service offerings, and many times, a more caring and attentive management team.
Benefits for investors
These funds help investors meet socially responsible objectives and satisfy an institution’s community development obligations – namely preserving affordability in the housing market and infusing capital in underserved communities – often with higher cash-based returns than with a traditional LIHTC investment.
Benefits for operating partners
Preservation funds help our local operating partners acquire affordable multifamily housing for the management, ownership and potential future redevelopment opportunities, while preserving the majority of their own capital for deployment in other ventures.
Learn More
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list. To learn more about incorporating preservation funds, call us at 727.567.2343 or contact us using the button below.
Featured Properties
Chisholm Trail Apartments, originally placed in service in 2005, is a 228-unit multifamily, multistory property consisting of 10 residential buildings with one-, two-, and three-bedroom apartment homes restricted to 50% and 60% of AMI. Community amenities include a business center, clubhouse, fitness center, central laundry facilities, picnic and playground area, and a swimming pool.
Chelsea Commons is a 208-unit multifamily property originally constructed and placed in service in 1998/1999 serving both LIHTC and market rate residents. Its 13 two-story, garden-style residential buildings consist of 112 two-bedroom units, 80 three-bedroom units, and 16 four-bedroom units. Centered around two lakes, the property includes a clubhouse, swimming pool, two playgrounds, volleyball court, tennis court, fitness room, and central laundry facilities.
Montgomery Pines Apartments is a 224-unit multifamily property in Porter, Texas, about 25 miles north of Houston. It consists of 14 two-story, garden-style residential buildings with one-, two-, and three-bedroom units restricted to 50% and 60% of AMI. Community amenities include a clubhouse, business center, fitness center, garages, carports, swimming pool, playground, and central laundry facilities.
Rose Cove Apartments is a 124-unit multifamily property in Farmington, UT, about 20 miles north of Salt Lake City. It consists of 3 two-story buildings with 124 one- and two-bedroom units restricted to 60% of AMI. With beautiful views of the Wasatch Mountains to the east, the community amenities include a clubhouse, business center, fitness center, beauty salon, and swimming pool.