Community development and the creation of affordable housing are critical issues being faced throughout our country by developers, investors and potential residents. Developers also face unique challenges while working to serve neighborhoods with the greatest needs, such as changing local market conditions, shrinking federal and local resources and varying building codes and regulations. Additionally, developers must carefully consider the types of projects that are most appropriate in each market.
At SunTrust Community Capital, we have the experience and knowledge to successfully meet these challenges from initial planning to project completion. We have become a recognized leader in community-focused lending and investing and we are known for the broad spectrum of capital structures available and the impact we make in the communities we serve. We are committed to supporting sustainable economic growth in low to moderate income communities within the SunTrust footprint to enhance the quality of life for the residents.
We can provide private developers, local governments and nonprofits the capital and support they need to take community development projects from vision to reality. We have financed properties that provide approximately 50,000 low to moderate income housing units and we have committed over $2.4 billion in debt and equity to these types of projects. Additionally, over $265 million in flexible and non-traditional financing has been invested in other community revitalization efforts through our New Markets Tax Credit program.
We take the time to understand your plans and provide sound advice and sophisticated community development solutions tailored to fit your objectives.
Community Development solutions:
- Tax credit equity
- Low income Housing Tax Credits
- Historic Tax Credits
- New Market Tax Credits
- Debt Financing Solutions
- Acquisition financing
- Construction loans
- Equity bridge loans
- Permanent financing
- Access to the Federal Home Loan Bank Community Investment Services
- Financial risk management tools such as interest rate swaps
- Community Investment Services Program
Let us put our experience to work for you. To learn more about our financing solutions for community development projects, call 404.813.6511.