When it comes to real estate, Devan McClish has done it all since starting in the industry nine years ago – flipping, new construction, property management, general contractor, apartments and small retail. Recently, he’s added affordable housing to the mix. The creativity and challenge involved in making affordable housing projects work – and the
Multifamily Housing Loans
Creating safe, decent, and affordable multifamily rental housing in communities throughout Tennessee. Pathway’s Affordable Multifamily Housing Loan Program offers a creative source of capital to achieve this goal.
Financing That Moves Affordable Housing Forward
Long-term, permanent financing for the acquisition, development, rehabilitation, and refinance of affordable and mixed-income multi-family housing in Tennessee. Eligible projects must meet affordability standards established by the U.S. Department of Housing and Urban Development and can include family, elderly and special needs housing communities.
Client Success On The Blog
Pathway Lending’s Multi-Family Housing Loans seek to stop the Affordable Housing Crisis in Tennessee
Families paying more than 30% of their household income on rent are considered cost-burdened. By design, affordable housing stays below that threshold by structuring financing deals to involve (typically) a mortgage, tax credits, and two or three other sources of capital. Without subsidies it’s virtually impossible for developers to build homes that are affordable to
Pathway’s Low Income Multifamily Housing Loan Program
Pathway Lending does its part in helping low income families For some time, the lack of affordable housing has been a major problem affecting low-income families in rural areas of the U.S and the Low Income Housing Tax Credit (LIHTC) program has often been utilized to deliver high-quality, affordable housing in these communities. At Pathway