Examples of Our Work

 


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

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.

SCDR was part of a team that reviewed redevelopment opportunities for Housing Authorities in Fresno, suburban Portland, OR, and Bridgeport, CT. We analyzed how the Authorities could revitalize their older public housing sites, add units, promote economic diversity among residents while continuing to serve their very low-income residents and improve financial stability.

SCDR has performed more than 400 site visits in nearly every state for Enterprise Community Investment (formerly the Enterprise Social Investment Corporation).  We review the local housing market, consider the affordability and competitiveness of the proposed housing, and evaluate the suitability of the site.

SCDR was a member of a team that evaluated the feasibility of creating an investment fund for Transit-Oriented Development (TOD) in Denver. TOD promotes environmentally friendly development of housing that is convenient to public transit stations.

Under contract with the Neighborhood Reinvestment Corporation, we designed a loan program that the Navajo Partnership for Housing could use to make second-mortgage loans and grants to homebuyers on America’s largest Indian Reservation.

 

Sabino Community Development Resources

1825 N. Norton Avenue

Tucson, AZ  85719

Phone: 520-248-8213

Email:  drwohl@sabinohousing.com