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.
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.
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
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.*
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.
CFG Capital Markets, LLC (“CFGCM”) is a fully registered (FINRA/SIPC/MSRB) Investment Banking and Securities firm providing capital raising solutions for taxable and tax-exempt issuers and investment advice for institutional investors. CFGCM is an affiliate of the CFG Financial Services Companies (“CFG”) which offers full-service, comprehensive financing solutions for multifamily properties and healthcare facilities nationwide. CFG is an industry leader in managing HUD and bridge loan processes and has provided over $2 billion in financings since its inception.
“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.
Langdon Equities, founded in 2006 and based in Phoenix, is a privately held commercial real estate advisory firm focused on providing clients strategic capital advice with a focus on integrity, professionalism and confidentiality. Langdon’s client base varies from high net worth individuals to regional developers to institutional investors.
Our office is located at 4770 S Atlanta Road SE, Suite 200, Atlanta, GA 30339
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