PROJECT FINANCING

UniDev uses its proprietary financial analysis models to detail and test financial assumptions formulated during the strategic planning phase; our staff works with numerous financial tools and institutions to broaden the options available to our clients for funding development projects. A key step in any inquiry is developing a profile of our client’s financial needs and then determining the optimal combination of financing vehicles. The options presented depend upon the ownership and funding mechanisms used; these can range from tax-exempt bonds to a combination of commercial debt and equity to tax-credit funding. Where appropriate, off-balance sheet alternatives are considered.

UniDev tailors financial tools to provide the lowest financing costs possible; these can include:

• Lines of Credit or Bond Anticipation Notes (BANS) for predevelopment expenses.
• Long Term Ground Leases for project and cost control.
• Tax Increment financing for the installation of project infrastructure.
• Tax-Exempt Bonds, Commercial Construction Loans and/or New Markets Tax Credits for project construction.
• Tax Abatements to lower the cost of renting as well as home ownership.
• Project-funded Direct Subsidy Programs to assist moderate-income individuals in achieving home ownership or to qualify for renting an apartment.

UniDev’s proprietary financial model includes a construct by which revenue is returned to the project sponsor into the future. Over time, a portion of the controlled appreciation in the price of our workforce homes provides this income stream. The additional revenue offers an opportunity for the sponsoring municipality, academic institution, or health system to fund more work force housing programs or other projects of its choosing.