PIRHL Developers is a full-service real estate development company that assists non-profit community-based partners in the development of affordable housing. PIRHL Developers helps its partners navigate the complex process of developing, obtaining financing for, and project managing well-considered, sustainable affordable housing projects. The company’s services include:

• Land acquisition and land preparation
• Pre-development financing
• Pre-construction critical path management
• Completion of LIHTC, HOME, FHLB and other financial applications
• Coordination of financial closings
• Oversight of construction progress
• Financial underwriting analysis
• Regulatory and financial programs analysis

Construction (PIRHL Contractors, LLC)

PIRHL Contractors is a licensed, bonded general contracting company.  With over 60 years  experience in construction management, the management team behind PIRHL Contractors offers responsive, accountable, and proven executive leadership as well as a highly-experienced office and field supervisory staff. From site selection to design development, PIRHL Contractors is involved at the earliest stages of a development to help identify challenges unique to each project long before groundbreaking occurs.  The company’s services include:

• Full service general contracting
• Consistent communication with development partners from an early stage
• Bi-weekly construction reporting (and photos) to ensure real-time engagement of all inspectors and interested parties
• Regulatory programs analysis
• MBE, WBE, Section 3 and other specific reporting processes
• Payment and performance bonding where necessary
• Highly-experienced, accountable field superintendents to manage each job site

Project Financial Management (Crystal Financial Services, LLC)

Crystal Financial Services provides partners with financial support during the development process from the conceptual stage through build out and cost certification.  Some of these services include:

• Account for costs associated with the project and identify potential problems by analyzing budget vs. cost variances through the use of a standardized job cost ledger
• Ensure compliance of financing terms associated with debt, equity, pre-development funding, Housing Finance Agency funding and other gap financing sources through permanent conversion and closeout
• Prepare monthly draw requisitions for owner and lender approval, coordinate with project inspectors and lender to review construction progress and ensure that all subcontractors are paid in a timely manner
• Ensure that all requirements are satisfied to enable the project to achieve 8609 cost certification and conversion to permanent financing