CDT’s Equity Program invests in preserving existing affordable housing properties throughout the country.  We typically invest in joint venture partnerships with experienced operating partners that specialize in acquiring, rehabilitating, and managing Low Income Housing Tax Credit and Section 8-subsidized communities.  CDT is a long-term investor that focuses on both the economic and mission-based returns on its investments.

Please see below for some general terms for CDT’s equity program:

Property Types:  CDT focuses primarily on acquiring LIHTC properties beyond their initial 10 year credit delivery period or 15-year initial compliance period as well as Project-Based Section 8 properties.  All properties must, at a minimum, satisfy Community Reinvestment Act (CRA) requirements with at least 20% of the units affordable to households earning no more than 80% of the area median income
Property Size:  100+ units
Term of Investment:  Long-term (10+ years)
Equity Investment:  $1 million -$5 million.  Larger transactions or portfolios will be considered in certain situations
Partners:  Experienced, financially strong multifamily developers, owners, and managers with a strong local presence who invest alongside of CDT as 10% - 20% General Partners

Terms of specific investments are determined based on location, operating history, and alignment with CDT’s mission to preserve affordable housing