Financing a Master-plan Development

[Brian Klingbail]

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.

[Justin Kane]

hey good for you for attempting the affordable living space in hawaii. try it all, get grants for what you can, get agency debt for the chunk and raise private for the remainder

[Brian Klingbail]

@Justin Kane thanks for the encouragement... and insight!

Best,

Brian