Development Services
Development Services
PIRHL has executed on a wide range of projects that include both new construction, moderate and substantial rehabilitation of affordable and work force housing across a nine-state footprint. The company’s portfolio of work includes the acquisition and new construction of senior independent living, multifamily apartments, town homes, and housing geared toward special needs populations including veterans and permanent supportive needs.
PIRHL leverages a sophisticated array of financing tools in order to deliver these housing solutions including 9% and 4% Low Income Housing Tax Credits (LIHTCs), the Rental Assistance Demonstration Program (RAD) as well as conventional private equity. Our team is also highly skilled in working with tax exempt private activity bonds, and utilizing debt through FHA, Fannie Mae, Freddie Mac and others.
Territory and Portfolio
As of 2022, PIRHL's portfolio includes more than 60 affordable and market rate developments comprising 7,500 units of housing across 10 states.
Financed by public and private sources, PIRHL's portfolio represents over $1 billion in total development costs.
Acquisitions
PIRHL leverages its strong affordable housing experience in conjunction with its fully integrated service model to identify and efficiently realize greater value from acquisition opportunities.
Communities Matter. That's why we Develop. That's why we Build. That's why we Invest.