Lending Program

  12–24 months 

• Covers market studies, site control, appraisals, environmental assessments, architectural plans, and application fees

• Ideal for nonprofits and mission-driven developers pursuing LIHTC allocations

• Creates early-stage lender relationship before projects are shovel-ready and low income households across the United States.

18–36 months 

• Bridges the gap between construction loan close and LIHTC equity delivery 

• Mandatory prepayment upon receipt of LIHTC equity capital contributions clean, defined exit

• Secured by pledge of capital contributions, developer fee pledge, and unconditional guaranty

• Extension option available

3–5 years 

• AOF takes a preferred equity position subordinate to senior debt, senior to common equity

• Preferred return accrues and is paid upon equity close or project stabilization

• Best suited for experienced developers with strong track records