An affordable housing provider consistently needs borrowed funds for new projects.
Type of Financing
Various Taxable Bond Issues
Financing Amount
$40,000,000 (in 12 separate transactions)
The Needed:
A well-known, non-profit affordable housing provider continually needs borrowed funds to finance new projects, to refinance existing debt at lower rates, to fund renewable energy projects, and to provide shorter-term financing for land purchases and properties in development.
Our Solution:
Since 2001, Coughlin has completed 12 separate financings for this borrower, which have raised over $40,000,000 in total proceeds. These financings include the gamut of affordable housing programs such as LIHTC, HAP, rated and non-rated, renewable energy, land purchases, headquarters building funding and so much more. In some cases, these funds were permanent sources of financing and in other situations they allowed the borrower to purchase a site opportunistically and pursue its redevelopment plans over a longer period. Over time, bond investors here include a nationwide group of institutions and individuals that seek a high quality and secure investment, with a fair return that also supports the need for affordable housing in a quickly growing section of the U.S.