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Updated almost 6 years ago on . Most recent reply
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Financing a Master-plan Development
Hello,
I'm working on a 1500 acre master-plan development designed to bring badly needed "attainable housing" to Hawaii. I'm wondering if anyone has input or perspective on the best strategy for funding a project of this nature. The development would provide roughly 950 single-family properties, 300 apartments and 30,000 sq. ft. of commercial/light industrial space. Ultimately, it would be built across five phases over several years. Currently we're considering institutional lending and/or private money paired with various state/local grants. Of the almost 1,000 single family homes, roughly half of them would be considered "worker housing" and have sale prices based on 80%-140% AMI. Any borrowing strategies or insights would be greatly appreciated.