Solving Affordable Housing

Meeting the Demand for Affordable Housing

In today’s challenging housing market, the need for affordable housing has never been more crucial. The United States is facing a significant shortage of affordable homes, with millions of individuals and families struggling to find suitable and affordable housing options. According to recent statistics, there is an estimated shortage of over 7 million affordable rental homes for extremely low-income households nationwide.

Our Role in Affordable Housing

Development Consultant / Owner’s Representative

As an Owner’s Representative, we play a pivotal role in affordable housing projects by ensuring that the development aligns with community needs, funding guidelines, and sustainability goals. From real estate acquisition to construction oversight, we guide the project through complex regulatory environments and financing structures. Our team collaborates with stakeholders, manages entitlement processes, and ensures compliance with affordable housing programs. By overseeing daily interactions with General Contractors, Architects, and consultants, we maintain project timelines, control budgets, and deliver housing solutions that support long-term affordability.

Consultant & Liaison

Affordable housing developments require navigating intricate relationships with government agencies, nonprofit organizations, and community groups. As your consultant and liaison, we bring established relationships and deep expertise to the table. We assist in securing permits, adhering to fair housing regulations, and coordinating with stakeholders such as city planners, legal experts, and lenders. This ensures that your affordable housing project remains compliant, socially impactful, and efficient in execution.

Budgeting & Funding Strategy

Affordable housing projects demand a nuanced approach to budgeting and financing, often involving tax credits, public grants, and private investments. Our team excels at identifying and securing these resources, including Low-Income Housing Tax Credits (LIHTC), grants, and other federal or state programs. By creating detailed budgets and leveraging innovative funding strategies, we help ensure that your project achieves financial feasibility without compromising its mission.

Third-Party Property Management

In affordable housing, third-party management is critical for maintaining operational excellence and long-term viability. We work with experienced property management firms to handle tenant relations, property maintenance, and compliance with income eligibility and reporting requirements. These management teams ensure that the properties remain affordable, safe, and well-maintained for residents. By coordinating with third-party managers, we create a seamless transition from development to occupancy, prioritizing tenant satisfaction and community impact.

Expertise In Diverse Markets

Our team recognizes this pressing issue and is committed to making a positive impact by providing high-quality, affordable housing solutions. We are dedicated to developing and managing properties that address this demand, ensuring that individuals and families have access to safe, comfortable, and affordable homes.  Included are a few examples below:

The Nest

Employer Assisted Housing

    THE NEST – Streck Employer Assisted Housing

    Burlington Capital’s Role: Owner’s Representative and Current Property Management Team

     

    Chisholm Trail Senior Village

    Senior Housing

    Chisholm Trail Senior Village 

    Burlington Capital’s Role: Current Third-Party Property Management Team

    Fairview Cove

    Family Housing

      Fairview Cove 

      Burlington Capital’s Role: Current Third-Party Property Management Team

      Veteran Housing

      Our team has expertise in the development of affordable housing for our nation’s Veterans. We seek to develop affordable housing by utilizing the federal tax credit program in conjunction with the local Veteran’s Affairs Medical Centers and local housing authorities. By utilizing existing federal programs and leveraging private financing, our team seeks to create quality, affordable housing to Veterans most in need.

      VICTORY APARTMENTS & OFFICES

      • Selected by U.S. Department of Veterans Affairs to develop co-located housing and services for homeless Veterans.
      • 90 apartments
      • Project was financed in part by 9% Low Income Housing Tax Credits (LIHTC) and project based section 8 VASH vouchers
      • Received the Charles L. Edson Tax Credit Excellence Award

      VICTORY II APARTMENTS

      • 60 apartments adjacent to Victory Apartments & Offices
      • Project was financed in part by 9% Low Income Housing Tax Credits (LIHTC) and project based section 8 VASH vouchers

      VICTORY PARK

      • First multiphase, campus enhanced use lease (EUL) in partnership with U.S. Department of Veterans Affairs
      • First phase provides 70 apartments serving homeless veterans
      • Financed in part by 9% Low Income Housing Tax Credits (LIHTC) and project based section 8 VASH vouchers
      • 60 acre campus planned to include medical services and additional housing
      • 2020 recipient of the Charles L. Edson Tax Credit Excellence Award

      Military Housing

      We have expertise in the privatization of military housing leveraging our experience on a national level in all areas of real estate development and management.

      • Burlington Capital is the developer and property manager of military housing at Offutt Air Force Base in Bellevue, Nebraska
      • The 50-year project involves the conveyance of 2,600 housing units, demolition of 1,874 units, construction of 914 new units, major renovation of 458 units and historic
        renovation of 26 units
      • $240 million development effort, includes inventory of 1,640 units
      • Received outstanding Air Force award

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