Examples of Our Work

Sabino

Community

Development

Resources

As the Housing Finance Consultant to the City of Tucson, SCDR arranged financing for three HOPE VI developments, using conventional debt, Low-Income Housing Tax Credits, and HOME and other public programs. The Martin Luther King HOPE VI Project was one of the first mixed-finance projects in the nation to use the Tax Credit Exchange program. We are now helping the City develop Milagro on Oracle, a 63-unit LIHTC project for low-income elderly residents.

As a partner in Newport SW LLC, we completed a 40-unit affordable housing project, Newport at Amphi, that was fully-leased 30 days after completion. We are now working on a 77-unit project in Tucson, Newport at the Rodeo, which is scheduled to open in late 2023.

SCDR helped Compass Affordable Housing finance the renovation of Vida Serena, now named Glenstone Village, which provides permanent supportive housing for people in Tucson recovering from drug and alcohol addiction. Despite the Great Recession's tough capital markets, we arranged and helped close an $8.5 million equity investment.

SCDR has performed more than 400 site visits in nearly every state for Enterprise Housing Credit Investments. We review the local housing market, consider the affordability and competitiveness of the proposed housing, and evaluate the suitability of the site.