Areas of Expertise
Developers provide affordable housing in a variety of ways: constructing new residences, rehabilitating existing buildings or even renovating abandoned public or commercial structures. No matter what form your affordable housing project takes, Step Builder, LLC can direct you toward the appropriate assistance programs for the greatest economic benefit. Our firm has experience obtaining assistance for our clients from numerous federal, state and local government sources.
- Low-income housing tax credit (“LIHTC”) program.
- Tax-exempt bonds – Private Activity Bonds (“PAB”).
- S. Department of Housing and Urban Development (“HUD”).
- United States Department of Agriculture, Rural Development (“RD”) programs.
- Federal Agency programs, Fannie Mae, Freddie Mac.
- Federal Home Loan Bank’s (“FHLB”) Affordable Housing Program (“AHP”).
Representative Clients
Step Builder, LLC’s members have been closely involved in the acquisition, construction, financing, refinancing, equipping, and sale of hundreds of apartment projects across the country. We are tough, practical negotiators and we assist in structuring our clients’ transactions with a view to reduce their risk and minimize transaction costs. We strive to stay “ahead of the transaction” by offering proactive advice so that our clients are not left waiting for critical ideas.
Our advice is firmly rooted in the understanding that the clients’ business objectives drive the transaction, and we are always looking for the best legal solution to the client’s business needs. Finding that answer requires us to go beyond just the technical legal aspects of the transaction usually by working side-by-side with the client to develop a comprehensive business result.
Our experience spans a vast variety of transactions, properties, and asset classes. Step Builder, LLC intuitively understands our clients’ goals and work to meet them with speed, creativity, and efficiency. Because we have experience with such a wide variety of projects, clients can rely on us to help structure transactions innovatively and effectively, as well as anticipate and resolve sticky problems.
- General Contractors
- Nonprofit organizations developing affordable housing
- Traditional developers developing affordable housing
- Property Management Companies