PDC’s Nick Pavonetti, Karen Miller and John Kynes have nearly 90 years of combined experience in residential housing and the public sector. Through exclusive distribution relationships with the top modular manufacturers, PDC is establishing affordable/workforce homes statewide with for-profit, non-profit and civic partners.
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Developer
While there is much talk about affordable and workforce housing there are limited resources to help developers with these projects. Finding development subsidies is the specialty of PDC Affordable Housing.
Most these funds are used to help a developer “jump start” a project but are eventually passed through to the buyer as a second or third interest free mortgage to be paid back upon sale of the home. Sometimes these mortgages are forgiven based on the time the homeowner stays in the home.
When development funds are awarded to a developer they may be earmarked by the funding source for land acquisition, infrastructure or other specific project costs.
The major advantage of receiving these funds is to reduce the equity required for project financing.
To learn more contact us today.
Buyer
The State of Florida and various Florida municipalities offer down payment assistance programs for first time home buyers, essential workers and other income qualified purchasers. By layering these subsidies a buyer can receive up to half of the purchase price of a new home. Securing these funds is paper work intensive and burdened with overlapping regulations therefore many developers overlook this invaluable marketing tool.
PDC Affordable Housing specializes in helping developers and non-profits understand, find and provide these crucial funding programs for their buyers. For more information contact us today. |
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