Affordable Housing Property Acquisition and Development
From acquisition and renovation of existing apartments to the new construction of turnkey developments and mixed-finance PHA transactions, affordable housing acquisition and development requires a seasoned team of professionals. Affordable housing transactions require early identification of real estate encumbrances and other use restrictions, as well as a thorough knowledge of the numerous multi-tiered financing structures available to meet a project's needs. Star Development's knowledgeable professionals use an organized, efficient system to uncover challenges early in the process and create a tailored financing structure, thus enabling us to close transactions in a timely manner.
At Star-Holdings, we are able to draw upon the strength of our other divisions to construct and manage affordable housing. With vast experience in renovation and construction, Star General Contractors has what it takes to move projects from initial closing to final delivery, on time and on budget. Professional Property Management - a recognized affordable housing leader - has the expertise required to meet all of the regulatory requirements for operating projects throughout their compliance period, while providing quality affordable housing that meets community needs.
We actively seek to acquire existing affordable housing properties that have project-based rental assistance. Please contact us at (815) 397-8827.
Learn how we revitalized a community in Rockford, Illinois with new housing and infrastructure development. To learn more, click here.