Affordable Housing

Great Lakes Financial Group specializes in financings for multifamily properties that serve a low-income tenant population. The projects often involve both debt and equity sourcing of funds and require proper analysis of, and coordination between, available financing tools. Among these tools are mortgages, tax-exempt financing options, low-income housing tax credits, historic tax credits, New Markets tax credits and various government programs for subordinated loans or grants.

Services we offer include the following: 

• Underwriting and Placement of Taxable and Tax-Exempt Bond Issuances
• Project Sources and Uses and Cash Flow Projections
• Investment of Bond Proceeds and Float Funds
• Analysis of and Assistance with Low-Income Housing Tax Credit, Historic Tax Credit and New Markets Tax Credit Pricing and Placement
• Consultation on Taxable and Tax-Exempt Financing Scenarios
• Procurement of Construction Bridge Financing
• Evaluation of Alternative Bond Enhancement Options, including FHA, Fannie Mae and Freddie Mac