Essential Tools for Building

Municipal bonds are a crucial component in addressing affordable housing concerns throughout the United States. D.A. Davidson provides a team of dedicated municipal finance professionals who can assist our clients in achieving the best possible outcome for each specific situation. Our team understands both the financing aspects of your transaction and the underlying housing issues that our clients face.

Using tax-exempt bonds, a qualified developer or 501(c)(3) corporation can finance a project at a lower interest rate than conventional financing because the interest paid to bondholders is exempt from federal income tax. Statutorily, for-profit, and non-profit developers are required to allocate a certain percentage of units for low-income individuals to utilize tax-exempt bonds.

These projects may also qualify for Low-Income Housing Tax Credits (LIHTC), a federal program for encouraging private equity investment in the development of affordable rental housing for individuals. Projects using tax-exempt bonds qualify and are a requirement for using 4% Low-Income Housing Tax Credits.

Affordable Housing Expertise

D.A. Davidson provides our clients with experienced municipal finance professionals in offices throughout the United States. Our team includes public finance bankers, underwriters, traders, and a sales force that has a thorough understanding of municipal multifamily housing bonds. Our bankers are immersed in the affordable housing world and endeavor to provide solutions to emerging issues. Our activity in both the primary and secondary market allows D.A. Davidson to structure our municipal transactions to meet our clients’ needs in ever-evolving capital markets. 

Financing Experience

D.A. Davidson recognizes that each transaction is unique and prides itself on the ability to develop the optimal financing solution for each client. This process includes evaluating all potential financing structures and, when required, developing new financing structures or techniques to meet the client’s needs best.

  • Low-Income Housing Tax Credits
  • 501(c)(3) financings
  • Acquisition and rehabilitation
  • New construction
  • Refinancings/refunding
  • Bridge financing

Demand for affordable housing continues to rise.
Contact Alex Iseman for financial strategies for Mobile Home Park Investments.

Flexibility & Innovation

Structures that our professionals have utilized include:

  • Fixed & variable rate structures
  • FHA insurance
  • Fannie Mae/Freddie Mac
  • Real estate secured ratings
  • Non-rated bonds
  • Private placements
  • Pooled financings
  • Long-term index bonds
  • Cross collateralization
  • Cash collateralized bonds
  • Put bonds
  • Self-insurance
  • Forward delivery bonds
  • Remarketed bonds
  • FHA put structure

Contact an experienced financial professional today.

Learn more about our recent Multifamily Housing projects and how D.A. Davidson can help meet your financing goals.

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