Lyncrest Group delivers construction excellence for Section 8, public housing, LIHTC, elderly housing, and all subsidized affordable housing programs — from groundbreaking to certificate of occupancy.
From project-based vouchers to public housing authorities to LIHTC equity transactions, our construction team understands the regulatory landscape as well as the building science.
Our project managers are versed in the specific compliance requirements, draw schedules, and regulatory nuances of every major federal affordable housing program.
The LIHTC program is the nation's largest affordable housing construction tool, representing roughly 90% of all newly created affordable rental housing. At Lyncrest Group, LIHTC construction is our core business. We are fully bonded and experienced in both 9% competitive credit and 4% tax-exempt bond transactions.
Our team coordinates directly with syndicators, equity investors, and lenders to meet draw schedules, investor inspections, and placed-in-service deadlines — the critical milestones that determine tax credit delivery.
Project-Based Vouchers commit housing subsidies to specific units for 15–20 year terms, making these properties highly financeable. Lyncrest Group builds new construction and substantially rehabilitates properties designed for PBV commitments from local Public Housing Authorities.
We understand HQS inspection standards, HAP contract requirements, and the competitive PBV application processes that developers need to win.
The HUD 221(d)(4) program offers the most favorable financing available for multifamily affordable housing — up to 90% LTV for LIHTC/Section 8 properties and 40-year fully amortizing terms. Lyncrest Group has experience building properties that meet FHA approval standards required for this program.
We work directly with FHA-approved lenders, MAP underwriters, and HUD field offices to keep construction on schedule and meet the program's stringent cost certification requirements.
RAD converts public housing developments into Section 8 Project-Based Rental Assistance (PBRA) or Project-Based Voucher (PBV) housing, unlocking private financing for rehabilitation. Lyncrest Group specializes in the complex construction management required for RAD conversions — often working around existing residents.
HOME and CDBG grant programs provide flexible gap financing for affordable housing construction. These federal block grants require specific procurement standards, reporting, and affordability restrictions that Lyncrest Group's compliance team knows thoroughly.
Section 202 provides capital advance financing for nonprofits to develop senior housing with project rental assistance. These projects demand expert accessibility design, safety systems, and community amenity spaces. Lyncrest Group brings deep experience in senior-specific construction requirements.
Affordable housing construction involves unique stakeholders, compliance layers, and financing milestones. Our 5-phase process is built around these realities.
Our pricing is structured to meet the realities of subsidized housing finance — competitive costs that pass HUD/agency cost certification, with no hidden escalations. All pricing is hard-cost construction only; soft costs vary by project and program.
Lyncrest Group actively partners with developers, nonprofits, and smaller construction firms to expand affordable housing production. We bring construction expertise, bonding capacity, and program knowledge to every partnership.
Whether you're a developer with a site, a nonprofit with an award, or a housing authority with capital funds — Lyncrest Group has a partnership structure that works for your project.
Discuss a PartnershipThe following project examples are for illustrative purposes only and represent typical affordable housing construction structures across program types, geographies, and financing stacks.
Our team understands how these programs stack together to finance affordable housing construction — and how their requirements shape our construction approach.
The largest source of affordable housing financing in the US. 9% credits (competitive) support new construction; 4% credits pair with tax-exempt bonds for larger projects. Credits sold to investors generate equity to reduce debt. Lyncrest has delivered over $480M in LIHTC construction value.
FHA-insured construction-to-permanent financing for multifamily affordable housing. Up to 90% LTV for LIHTC/Section 8 properties, 40-year terms, and reduced 0.45% annual MIP. The gold standard for affordable housing permanent debt.
Long-term housing assistance payments contracts with HUD or local PHAs ensure revenue certainty that supports construction financing. Project-Based Vouchers (PBV) and Project-Based Rental Assistance (PBRA) both provide 15–20 year renewable contracts.
Federal block grant providing flexible gap financing for affordable rental housing construction and rehabilitation. Administered through HUD to state and local Participating Jurisdictions (PJs). Common gap filler in LIHTC capital stacks.
Flexible federal block grant for community development including affordable housing construction and rehabilitation. Must benefit low- and moderate-income persons. Often layered with HOME and LIHTC in complex capital stacks.
Both GSEs offer specialized affordable loan products including Fannie Mae MBS and Freddie Mac Bond Credit Enhancement for LIHTC projects. Discounted rates for properties with affordability restrictions; critical component of 4% LIHTC bond transactions.
Many states offer supplemental housing tax credit programs that stack with federal LIHTC to improve project feasibility. State Historic Tax Credits also pair with federal HTC for adaptive reuse affordable housing projects.
City and county governments provide deferred loans, grants, and land contributions to support affordable housing construction in their communities. These local soft sources frequently fill the remaining gap after federal and state programs are maximized.
Whether you're in pre-development on a LIHTC application, have an award in hand, or are a housing authority seeking a construction partner — we want to hear from you. Lyncrest Group provides preliminary cost estimates at no charge for qualified affordable housing projects.