R4 Capital LLC

Affordable Housing Finance asked leaders in our industry to predict what 2025 may hold. Ronne Thielen, R4's Director of Advocacy and Public Policy, is  particularly qualified to answer based on her more than four decades of real estate finance and investment experience including helping to establish the LIHTC program in 1986. Read the article to hear her perspective and those of industry peers. https://lnkd.in/eupweKzV

There is an affordable housing crisis in this country. Affordable Housing Tax Credit Coalition ("AHTCC") created a first-of-its-kind report demonstrating how rental homes financed using the Low-Income Housing Tax Credit (Housing Credit) provide rents that are 38% lower than market-rate properties on average, saving tenants an estimated $7,800 annually—or $653 per month. Reach out to R4's Director of Advocacy and Public Policy, Ronne Thielen, for more information and read more here from AHTCC: https://lnkd.in/eUyhv-8K

Just closed: Camden Heights, a 252-unit affordable apartment complex designated for families and seniors at 60% AMI in Rapid City, SD. R4 Capital provided $35MM in tax credit equity and R4 Capital Funding provided $48.5MM in construction-permanent tax-exempt and taxable financing. This affordable housing property will include an onsite solar farm to help to sustainably power the six new construction buildings which can ease the financial burden of energy and utility bills for residents. The property’s greenspace spans nearly 49 acres with walking trails, sports courts, picnic areas, and other amenities. Construction will commence this month thanks to our collaborative partnership with the developer team and our strong investor commitment. A big thank you for the diligent efforts of the R4 team: Jay Segel, James Spound, Austin Divino, Stephanie Hynes. 

Just closed: A 156-unit affordable, garden-style apartments, The Preserve at Gresham Lake, in Raleigh, NC. R4 Capital provided $16.6MM in tax credit equity and R4 Capital Funding provided $36MM in permanent and construction bond financing.    Availability of affordable housing with access to green spaces can measurably improve quality of life. This property will have both: Safe, quality, affordable housing, and a direct path to the beautiful Durant Nature Preserve, a 250-acre haven featuring woodlands, lakes, and wildlife. We are grateful for our developer partner for thinking beyond the physical structure to include the well-being and future of a community with its doorway to nature.   Working with our investor and developer partners to make these projects a reality is no walk in the park. Great job again to all including James Spound, Jay Segel, Michael Hopps, Daniel Harrington!

Hot off the press from Affordable Housing Finance, check out what R4 Capital and other leading syndicators consider the best practices for underwriting LIHTC deals. Jason Gershwin says, "Current best practices include running operating sensitivities with different levels of insurance cost inflation...” Click on the link to find out more. https://lnkd.in/gTqa_aQ2

You're going too? That's right! To Las Vegas this week, December 5-6, for Novogradac & Company LLP Housing Tax Credit Conference. R4 will be there speaking, presenting, and ready to meet you: Cory Bannister, Ronne Thielen, Brian McMahon, Austin Rule, Wes Slajchert. #NovocoLIHTC

Just closed: 236 affordable housing units for families at the 60% AMI income level in Phoenix, AZ.  Combining resources, R4 provided $32.2 MM in tax credit equity and R4CF provided $91.3MM in permanent and construction bond financing. Nimble, creative, and experienced teams came together to create this much-needed housing:  Congratulations to our investor and developer partners and to R4’s Jay Segel, James Spound, Justin Rotondo, Michael Hopps.

Wait! There's even more R4 to meet and hear next week: Cory Bannister will be speaking at Novogradac & Company LLP Housing Tax Credit Finance Conference at the Four Seasons Las Vegas on the "LIHTC Equity and Your Development" panel on Thursday, December 5, 11:00 am. Still not enough R4? We've got you covered: Brian McMahon, Austin Rule and, Wes Slajchert will be there to answer questions and help you finance your next affordable housing project. We look forward to seeing you there! https://lnkd.in/ePbb2iHN

There's still time to register for next week's Housing Alliance of Pennsylvania Homes Within Reach and Minnesota Real Estate Journal Affordable Summit conferences to hear three of R4's #affordablehousing finance experts, Adam Cohen, Lindsay Soyka, and Paul Connolly, offer their industry experience to get the financing you need to create and preserve affordable housing in your region.

In just 8 years R4 Capital Funding has deployed more than $4 billion of tax-exempt mortgage capital to finance the construction or preservation of over 23,500 units of affordable housing nationwide. Come meet James Spound, Michael Hopps, Stephanie Hynes at AHF Live! in Chicago and discuss how R4CF can provide nimble and cost-effective financing for your next affordable housing project.