Trestle Build

Trestle Build

房地产

San Diego，California 292 位关注者

We develop high-quality affordable housing in exceptional locations in partnership with market rate developers.

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关于我们

Our mission is to create high-quality affordable housing in exceptional locations because we believe communities thrive when everyone can afford to live in them. We make this happen by partnering with developers to finance affordable, walkable and thoughtfully designed buildings. With deep expertise in LIHTC, market rate, and public policy, we turn vision into reality—building communities that are as inclusive as they are vibrant.

网站
https://www.trestlebuild.com/
所属行业
房地产
规模
2-10 人
总部
San Diego，California
类型
私人持股
创立
2013
领域
affordable housing、density bonus、offsite affordable、LIHTC、finance和development

地点

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动态

  • 查看Trestle Build的公司主页，图片
    Trestle Build

    292 位关注者

    Absolutely love working with Studio E ??

    查看Studio E Architects, USA的公司主页，图片
    Studio E Architects, USA

    1,661 位关注者

    Uptown Funk - Studio E Architects addition. It's hard hats and fluorescent vests for the team here in September. We are busy supporting the construction of 4 projects in Bankers Hill/Hillcrest. This quartet of multifamily projects comes right on the heels of our small but beautiful lofts at 7th and Robinson. We are pleased to direct your attention to The Bel, 8th & University, 10th & Robinson, and 4th & Palm. These projects will add a total of 329 rental units to Uptown. #construction #uptownsandiego #letsbuildsomething #multifamily

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  • 查看Trestle Build的公司主页，图片
    Trestle Build

    292 位关注者

    查看David Allen的档案，图片
    David Allen

    Demystifying Affordable Housing

    I love heuristics and “short hand” modeling. It helps me evaluate projects quickly. One question I get asked constantly is, "About how much tax credit equity will my project generate?" Shorthand - 45% of your project costs. Here's the quick math: $500,000 cost basis - $50,000 land = $450,000 eligible basis (basically your depreciable basis) Multiply by 4% tax credit factor = $18,000 annual tax credits Add a 130% location boost (nearly every project gets this in urban CA) = $23,500 Multiply by 10 years of credits (per Feds) = $235,000 in total credits A tax credit investor buy those credits for $.90/dollar = $210,000 in equity That’s about 42% equity generation. Investor yields fluctuate with the market so you could end up around 40%-47%. But I like to shorthand it to 45%. It's easy—and, I’m an optimist! There's a place for precision, but for high level conversations it helps to stick with mental models. PS – That works out to a 5%-6% return for the LIHTC investor when you include depreciation.

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