Alliance Fund Management

An Intermediary for Socially Responsible Funding


Alliance Fund Management is focused on the long-term preservation of affordable multifamily housing. We finance eligible properties through the use of ultra competitive bridge financing for qualified municipalities, housing authorities, for profit organizations and §501( c )(3) organizations whose mission is owning and operating affordable multifamily housing. Our innovative financing is the first vital step towards a long-term preservation execution.

As a community development focused investor, our financing is ideally suited for:
1 The acquisition of existing LIHTC properties*
2 Senior Housing
3 Properties with project-based section 8 contracts

Unlike most bond buyers or lenders, we offer a strong and experienced team of housing finance and development professionals to assist borrowers in the process of obtaining permanent debt, and if appropriate, low income housing tax credits.

Impact Investing

The AFM Impact Bond Program™ “IBP” is a funding platform designed to help assure that the nation’s existing affordable multifamily rental housing stock is maintained.

What kind of impact does AFM’s IBP create?

AFM provides qualified municipalities, housing authorities, for-profit organizations and §501( c )(3) borrowers the opportunity to competitively acquire apartment properties.

Preservation of existing housing provides communities with continuity of affordable rental housing and in-place residents with the assurance that their home will not be converted to a condo or market rent unit.

It is estimated that between 2014 and 2020 close to one-half of all of the existing low income housing tax credit properties will exit from their initial 15 year LIHTC restriction period (approximately two million units). Many of those properties could be converted to market rate apartments or even condos. We provide user friendly acquisition bridge financing to qualified borrowers whose mission includes assuring that these expiring properties are preserved as affordable housing

CRA Investing

As a national affordable housing financing platform, AFM provides CRA eligible investment-ready opportunities to national and regional financial institutions, thus reducing origination costs and risks.

Because 100% of the assets collateralizing our bonds are for the preservation of “at-risk” affordable housing, AFM believes it’s platform is a CRA qualified investment and will meet “Investment Test” and “Creativity Test” criteria.

Assets may be targeted to an institution’s assessment area.
Unlike direct LIHTC investments, AFM’s bond investments are designed to have a 3-5 year duration.
CRA regulations do not differentiate between "direct" and "indirect" investments. Thus an institution's investment in a fund whose primary purpose is supporting community development and/or affordable housing should receive positive consideration as a qualified investment under the CRA regulations, subject in some cases to assessment area considerations.*

The AFM Team

Alliance Fund Management, LLC is an Atlanta, GA based organization whose principals are steeped in affordable multi-family rental housing. AFM has a strong and experienced management team in place. Together with our key corporate partners, the AFM Team stands ready to support our clients and our shared mission of preserving the nation's affordable housing for generations to come.

in AFM

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“The Reinvestment Fund” is a Community Development Financial Institution (“CDFI”) that manages $738 million in capital and has made over $1.3 billion in community investments, financing over 2,875 projects since its inception in 1985. TRF supports investments with strong research and policy analysis capacity that has become a highly regarded source of unbiased information for public officials and private investors.

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Our office is located at 4770 S Atlanta Road SE, Suite 200, Atlanta, GA 30339
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If you have a particular deal that you would like to discuss, please contact David M. Perloe at 770-874-8800 x102 or via email .

For additional information please contact Peter Wasserman at 770-874-8800 x101