Hunt Capital Partners

Hunt Capital Partners is thrilled to congratulate Pacific Development Group on successfully closing Hālawa View II in Honolulu, Hawaii!   The achievement brings 302 affordable homes to the existing 121-unit community, offering a mix of studio, one-, two-, and four-bedroom housing options to low-income families earning 30-60 percent of the area median income. The high-rise residential building will bring critically needed affordable housing to an area where, according to Payscale, the cost of housing is 214% higher than the national average. Hālawa View II is designed with Honolulu’s transit-oriented development plan in mind, as the development will sit adjacently next to a future stop for an ongoing rail project that connects downtown Honolulu to many neighborhoods around the city.   The development will offer several amenities for its residents such as a community room, exercise facility, elevators, a parking garage, off-street parking, a playground, laundry rooms on several floors, lounge areas, on-site management, and a picnic area. 5 of the homes will be set aside for individuals struggling with homelessness and/or those participating in public support services such as “Housing First” with referrals provided by U.S. Vets; additional service coordination will be available to them by the referral agency at no cost.   Hunt Capital Partners syndicated $79.9 million in Federal Low-Income Housing Tax Credits (LIHTC) through its proprietary fund with JPMorgan Chase & Co. to help finance the 302-unit affordable housing high-rise. An additional $39.9 million in State LIHTC will also be used to help bring the development into completion.   We’re happy to work alongside Pacific Development Group’s development team, including Hunt Development Group, Nordic PCL Construction, AHL and Mark Development, Inc. Together, we’re creating much-need quality affordable housing for families in Honolulu County that need it most. #HuntCompanies #AffordableHousing #LIHTC #Honolulu #HawaiiHousing

Congratulations to Roy Gonda, AVP, Project Management, on his 3rd year with Hunt Capital Partners! Join us in celebrating Roy! #HuntCompanies #WorkAnniversary

Hunt Capital Partners proudly sponsored the USC Lusk Center for Real Estate’s Alumni + Friends Reception at the City Club Los Angeles yesterday! The annual event helps raise the financial assistance pool for USC Ross Program in Real Estate participants, benefiting 60% of students with financial support. With over 1200 graduates, the USC Ross Program empowers underrepresented ethnic minority groups and women to enter the field of real estate finance and development. Pictured: HCP’s John Lee, Steven Arko, Cris Pinedo, and Austen Milone alongside Program Director Mary Peralta. #USCLusk #USCRossProgram #RealEstateDevelopment

Join us in celebrating William Teschke, Managing Director, Project Management, on over 12 years with HCP! Congratulations William! #HuntCompanies #WorkAnniversary

Congratulations to Lisa Haddon, Director, Project Management, on her 1st year with Hunt Capital Partners! Join us in celebrating Lisa! #HuntCompanies #WorkAnniversary

Congratulations to Envolve LLC on closing Ware Manor Apartments, an existing 84-unit affordable housing community offering a mix of one-, two-, and three-bedroom homes for low-income families who earn up to 60% of the Area Median Income (AMI) in Waycross, Georgia. The rehabilitation project will include various improvements, including accessibility and sustainability enhancements. The apartment homes will be upgraded with new appliances, cabinetry, countertops, sinks, toilets, bathroom vanities, electric panels, water heaters, and HVAC equipment. The community will benefit from various site enhancements such as fresh paint, new asphalt shingled roofing, improved sidewalks and curbs, parking lot resurfacing, updated property signage, and the addition of an accessible gazebo. The redevelopment will feature accessibility modifications, with newly installed ramps throughout community walkways and shared common areas, including the leasing office, community kitchen, and central laundry room. Five of the homes will be converted for individuals with mobility impairments and two will be converted for individuals with hearing/vision impairments. Ware Manor Apartments will also be redesigned to achieve Enterprise Green certification by implementing sustainable features such as LED light fixtures, low-E double pane glass windows, programmable thermostats in all units, and energy-star rated appliances. Ware Manor Apartments will be financed with $5.2 million in federal Low-Income Housing Tax Credits syndicated by Hunt Capital Partners. All of the apartment homes will benefit from a 20-Year Project-Based Rental Section 8 HAP Contract, assisting residents by ensuring they pay no more than 30% of their income toward rent. Envolve LLC will lead the development team as developer, who will also provide property management. The general contractor is Whitestone Construction. Dyke Nelson Architecture is the architect of record. #HuntCompanies #GeorgiaHousing #WaycrossGA #PreservationofAffordableHousing #LIHTC

A long-awaited Up North tribal-led affordable housing project that paused for lack of funding is back under construction after completing a $13 million equity raise. Odawa Economic Development Management Inc, the tribal non-gaming economic development arm of the Little Traverse Bay Bands of Odawa Indians, has resumed construction on the third phase of the Victories Square project in Petoskey after securing a $13 million equity raise led by Hunt Capital Partners, a Los Angeles-based tax credit syndicator. LTTB tribal treasurer Leroy Shomin said OEDMI broke ground on the 50-unit apartment building south of Petoskey last year, but construction was delayed while the tribe continued to seek out a LIHTC financing partner for the project, which has an overall budget of about $15.3 million. Through its investment, Hunt Capital Partners and its investors will hold an equity stake in the development for the life of the LIHTC credit, at which time full ownership will revert to the tribe. Shomin said construction for the development, which will add badly needed affordable housing to the increasingly expensive Northern Michigan real estate market, is expected to wrap by December 2025. “It’s 50 units of housing that’s sorely needed," Shomin said. "Housing is needed throughout the state, but in that area, most of the new housing is targeted to much higher income levels than this project is going to serve. So we’re very satisfied with that.” The housing project is the final piece of a three-stage development that started more than a decade ago at the former 22-acre tribally owned Victories Casino at U.S. 131 South and Lears Road in Petoskey. The project was envisioned as a way of repurposing the tribal land after the casino relocated and closed the original facility. The first two phases included a Courtyard by Marriott hotel, restaurants and retail. After completing the commercial phases, the tribe realized the approximately 150 workers at the development were in desperate need of housing, so they launched a plan for apartments. Read the full story here: https://lnkd.in/gQeWGs2D

On September 12th The Commonwealth Companies celebrated the Grand Opening of The Village at Solid Rock. This development is in partnership with Solid Rock CDC, and has provided 77 units of workforce housing to local families. We'd like to give special thanks to our partners at Colorado Housing and Finance Authority for allocating both federal and state affordable housing tax credits, along with Colorado Department of Local Affairs (Division of Housing), City of Colorado Springs, and the El Paso County Housing Authority for their generous soft funding contributions. Our initial transaction with our debt and equity partners Banc of California and Hunt Capital Partners. Finally, Greccio Housing as our Property Manager. Without incredible partners projects like this do not happen! Congratulations to all!!

Hunt Capital Partners is proud to be a neighboring sponsor for the Nevada HAND, Inc. Block Party this week on Thursday, Oct. 3! Proceeds from the annual fundraiser provide quality meals and combat food insecurity for low-income seniors in Las Vegas, helping ensure local seniors never have to choose between bills and nutritious meals.    Join us if you're in town! Amy Dickerson, Chief Operating Officer, and Michael Jacobs, Acquisitions Senior Director, along with others from our new Las Vegas office, will be in attendance.   Get your ticket and help us pack the pantry here: https://lnkd.in/gGSiqYfM #NevadaHAND #LasVegasHousing #AffordableHousing #NVHousing #NevadaHandBlockParty #HuntCompanies

Excited to announce that I’ll be at AHIC’s Fall Affordable Housing Summit Oct. 16-17 talking about how to leverage and maximize state housing tax credits! Looking forward to connecting with industry leaders and sharing my insights. See you there! Learn more: https://bit.ly/4cPYtpC #HuntCompanies #AHIC #AHICSummit24