Dominium’s Creative Growth: Developer Steps In As Lender on Struggling Deals

By Caitlin Jones
March 11, 2011 1 min read

Tax Credit Advisor, March 2011: Normally a developer gets to own a low-income housing tax credit project – or at least a small piece of one – by securing the financing and building the property.

But for Dominium Development & Acquisition LLC, a major Midwest-based apartment developer/owner/manager, the route to ownership for three 9% LIHTC properties in Indiana has been forged by stepping into the shoes of the permanent mortgage lender.

The three projects – of 180, 125, and 228 units, built 10 years ago, and each having finished its 10-year tax credit period – had the same general partner, limited partner investor, and tax credit syndicator, and were struggling financially by 2010.

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.