Steadfast's Residential Properties
offer more than just housing.
They give families a solid foundation. |
As the largest group within Steadfast Companies, the residential division
has been involved in the acquisition, refurbishment and/or management
of more than 20,000 multi-family residential units, more than 15,500
of which it currently has ownership interest, operates or has under
development. Additionally, the vast majority of the units it manages
are devoted to affordable housing and associate with Steadfast Companies’
community outreach programs.
These properties have been purchased and renovated or newly constructed
by Steadfast with the assistance of private-sector funding, conventional
financing or, frequently, through tax-exempt municipal-bond financing
and the sale of Low Income Housing Tax Credits (LIHTC). Steadfast
Residential Properties' extensive experience in mixed-financing
includes many transactions involving HUD loans or subsidies, project-based
and voucher Section 8, IRP decoupling, Mark-up-to-Market and city
and county loans and grants. Steadfast has engineered several extremely
complicated multi-layered, mixed-finance new construction projects.
Steadfast Residential Properties, has an affiliate company—Steadfast
Management Co., Inc.— that provides property management services
and handles the detailed housing compliance issues for the division’s
apartment communities that are financed with tax-exempt bonds and
Low Income Housing Tax Credits. Steadfast Management has developed
a comprehensive management system, based on the expertise of the
professional staff’s principals and officers.
In addition, a construction affiliate, Pacific Coast Land &
Construction was established in 1997 to provide construction services
for Steadfast’s residential properties that require renovation
and refurbishment following their acquisition. It also is able to
provide development expertise related to Steadfast’s new construction
multi-family, and mixed-use properties.
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Developments