
Wakeland's projects typically require a layering
of multiple fund sources to keep unit rents or home
sale prices affordable to low- and moderate-income households.
Those sources have included:
- Limited partner equity via the sale
of 4% or 9% tax credits.
- Tax-exempt bonds.
- Local
government funds from a myriad of programs.
- Federal Home Loan Bank contributions
under its AHP program.
- Local Initiatives Support Corporation
(LISC)
- Low Income Housing Fund (LIHF)
- The California Housing Finance Agency.
- Loans from nonprofit intermediaries.
- Loans from private lending institutions.
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