R4 Capital LLC

On March 13, R4 proudly attended the groundbreaking of Rosa’s Place, a seven-story, permanent supportive housing apartment complex in the Skid Row neighborhood of Downtown Los Angeles, CA. R4 Capital, with our investor partners, raised more than $27.8 million in 4% tax credit equity to help finance this new construction. It will be built on the campus of the Downtown Women’s Center headquarters. This marks an historic expansion of the non-profit which was the first provider of permanent supportive housing for women in the U.S.! The building will consist of 97 studio apartments reserved for those earning between 30%-50% of the AMI with a focus on housing women and gender diverse individuals?who are survivors of domestic abuse and are currently homeless or at risk of homelessness. The unique proximity of the apartments to the veteran staff at DWC grants the residents unprecedented, round-the-clock access to wraparound social services including intensive care management, instructor-led education courses, wellness programs, and skill-building classes. Many thanks to DWC for their innovative approach to confront the housing crisis by creating exceptional housing for their local community. More thanks to our dedicated folks at R4 who helped make it happen:?Brian McMahon, Cory Bannister, Austin Rule.

Want to learn more about housing tax credits and how they can help you finance affordable housing in your area? This week R4's Daniel Harrington will be speaking with fellow industry insiders at the IPED Housing Tax Credits 101 Conference in Boston, March 13-14. Join Dan for the "Assessing the Status of the Tax Credit Equity Market in 2025 and Beyond" panel on Thursday. If you want to understand housing tax credits, hear it from the best. Use this link for more information: https://lnkd.in/e5ERAuGt

Just closed: Mesa Vista Apartments, located in Costa Mesa, CA, is the adaptive reuse of a former Motel 6 which will be converted into 87 units of affordable housing across four newly repurposed buildings. This unique remodel aims to provide sustainable rehabilitation for those facing mental illness challenges. ? The property will prioritize residents earning between 40% - 60% AMI with a strong focus on housing for at-risk senior citizens and veterans. Thirty units will be designated as permanent supportive housing (“PSH”) to veterans and an additional 10 PSH units reserved for persons experiencing mental illness with a risk of homelessness. Residents will have access to wraparound social and mental health services as well as a community garden, outdoor lounge, four laundry rooms, and other amenities.? ? R4 Capital provided $16.4 million in tax credit equity and R4 Capital Funding provided $23 million of construction-permanent tax-exempt funding.?The efforts of the full remodel would not have been possible without the help from our enduring investor relationships and innovative developers. And, a job well done to our team at R4:?James Spound, Cory Bannister, Brian McMahon, Stephanie Hynes!

Surely you are heading to Illinois Housing Council Affordable Housing Forum February 26 and 27 in Chicago too? R4 Capital will be there. While you are there, come hear R4's Paul Connolly with fellow industry experts on the LIHTC Equity Market Update?panel as they discuss current trends, emerging challenges, and opportunities in financing affordable housing projects. Not enough R4? Look for Josh Perlmutter and Clayton Turnbull who will be looking to speak to you!

Talk about a panel of heavy hitters speaking at the?National Housing & Rehabilitation Association's Annual Meeting opening on February 26 in Miami Beach, Florida! You won't want to miss R4's?Ronne Thielen?and fellow policy shapers on the Policy Roundtable: Tax Reform, Rent Control and Preservation panel on Wednesday, February 28, as they discuss time-sensitive, targeted advocacy issues that can impact your affordable housing plans. In addition, look for R4 Capital and R4 Capital Funding industry vets Jay Segel, Lindsay Soyka and James Spound to discuss your next tax credit equity or debt transaction. Together we will work to keep housing affordable and available to those that need it. Register now:?https://lnkd.in/eHN35Q2k

If you missed it in January,?Affordable Housing Finance?has shared our 2024 banner year recap. All of us at R4 thank our longstanding developer and investor partners for their commitment to creating and preserving affordable housing nationwide with us. The demand for affordable housing is just as crucial as ever. Together, we can make a difference. https://lnkd.in/esA3beyj

R4 Capital was on hand to participate in the discussions at last week’s important AHTCC Annual Meeting. R4’s Ronne Thielen, Cory Bannister, and Brian McMahon joined fellow affordable housing finance industry leaders in support of the Affordable Housing Tax Credit Coalition's goals.? ?

R4 Capital Funding is thrilled to be a part of Denver’s affordable housing efforts providing $12.5 million through a construction-to-permanent loan for the new construction of St. Francis Apartments West. R4CF President, James Spound, assisted in the ribbon cutting and welcomed new residents to this 60-unit, beautifully designed permanent supportive housing community.?This property is restricted to homeless individuals aged 55+ who earn up to 30% AMI and on-site social services will be provided by the Mental Health Center of Denver.?

1st Closing of 2025:?Viridian Grove, a 98-unit, seven-building affordable housing apartment complex in Tacoma, WA. R4 Capital provided equity totaling $16.1 million and R4 Capital Funding provided $26 million in construction-permanent tax-exempt debt. The property’s seven buildings?feature?three stories of newly constructed garden-style apartments, including 23 two-bedroom units, 63 three-bedroom units, and 12 four-bedroom units.?Ten units will be set aside for?individuals?with mental or physical?disabilities, and the complex is?designed?for families. Residents will have access to on-site social and resident services?through?a housing services organization that has worked with the developer on 20 other properties throughout CA and WA Congratulations?to the folks at R4: Jay Segel, James Spound, Michael Hopps, Daniel Harrington.

We are pleased to announce that 2024 was another milestone year for R4 Capital. We are grateful for the shared commitment and ongoing loyalty of our developer and investor partners because together we can and do create and preserve much-needed affordable housing across the nation. Read more: https://lnkd.in/e9gMZXVb