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Developing affordable housing facilities is no easy task. Government housing programs are notoriously complicated. Understanding them can take up an enormous amount of your valuable time.

Submitting formal grant applications is both arduous and highly competitive, with a limited number of grants awarded each year according to a variety of annual budget allocations. But, in order to successfully create an affordable housing community within your region, you'll need to become knowledgeable about each agency's requirements and the rating criteria affecting your grant application.

This means you'll have to pay attention to such things as legislative and treasury appropriations bills, HUD's fiscal year appropriations bill, HUD's Super NOFA, EZ/EC Empowerment Zones, census tracts, Consolidated Plans, the Low Income Housing Preservation and Resident Ownership Act, Federal Environmental Assessments, and Fair Market Rents. You'll also need to understand the myriad subsidization formulas available through HUD, HOME, PRAC, CDBG, Section 202, Section 236, BMIR, Section 8 Subsidized Housing Preservation, and many specialized loan sources. All of these formulas are complex and take a great deal of time to fully comprehend.

Why not let Pacific Retirement Services do the footwork for you?

Our development services team will help you identify potential project sites; write up the grant application; create a budget; contract with architects; act as HUD liaison through the "Firm Commitment" process; and develop a Board of Directors. But, we don't stop there—we also set up tax exemptions; provide appropriate legal and accounting services; obtain building permits and environmental assessments; ensure compliance with national, state, and local building codes; and oversee mortgage finalization.

We'll put our 20 years of development experience to work and help you create the affordable housing community your region needs.