IBF Development / Services

Services

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IBF Development provides consulting services to companies and organizations seeking to either increase their work capacity or expand the expertise of their team.

We assist with financing, due diligence, underwriting, research, analysis, proposal development, and project management to serve each project’s goals. In addition to our services as consultants, we also work as joint venture partners and co-developers.

Some of our specific services include:


AFFORDABLE HOUSING & REAL ESTATE REDEVELOPMENT

  • Evaluating markets, rents, operating expenses and competition

  • Investigating the condition of buildings, managing third party consultants, and developing a redevelopment scope and plan

  • Establishing development budgets, financing sources and structures, and operating proformas

  • Structuring and securing financing from multiple sources, including:

            · Low Income Housing Tax Credits (LIHTC)

            · State Housing Finance Agencies

            ·  Federal Home Loan Bank (FHLB)

                    Affordable Housing Program (AHP)

            · Tax exempt bonds

            · Community Development Block Grants (CDBG)

            · DC Housing Production Trust Fund

            · Green Communities Initiative

            · Local Initiative Support Corporation

            · Enterprise Community Partners

            · HUD Mark Up to Market program

            · HUD Section 236 IRP decoupling

            · Historic Tax Credits

            · New Markets Tax Credits (NMTC)

            · Foundation grants

            · Negotiating contracts and agreements

            · Preparing RFPs for contractors, consultants and investors

            · Managing the acquisition process through closing

            · Preparing Requisitions and Draws

PROJECT UNDERWRITING

  • Evaluating markets, rents, and operating expenses

  • Reviewing proformas and developing budgets

  • Evaluating audits, loan restrictions, loan documents,affordability covenants, capital needs studies, appraisals, market studies, and financing requirements

  • Assessing project assumptions and projections

 

BUSINESS PLANNING, STRATEGY AND FINANCING

  • Developing Business Plans

  • Structuring, applying for and securing business loans and investments

  • Identifying market niches and implementation strategies

  • Recommending ways to increase sales and improve operations

FINANCING PROPOSALS 

  • Loan Proposals

  • Investment Proposals

  • Grant Proposals

  • Certification Applications (CBE, Green Communities, other)

 

Contact Rob Richardson to discuss your specific needs.