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In 1999, the New Hope Housing Fund was formed to provide a significant
source of equity for the large number of HOPE VI and mixed financed
projects being developed by Community Builders. The Fund is a joint
venture between Lend Lease Real Estate Investments, Inc. and TCB
New Hope Housing, Inc. TCB New Hope Housing Inc. is a non-profit
entity which provides capital for affordable housing and related
community development activities by creating investment funds and
providing predevelopment funds.
Lend Lease Real Estate Investments, Inc. has significant experience
in investing in HOPE VI and mixed finance projects. They have invested
in major HOPE VI developments throughout the country including Boston,
Philadelphia, Louisville, Detroit and San Francisco. Lend Lease
has its own division that specializes in public and urban housing
investments. Their experience in the complexities of mixed finance
transactions combined with their ability to raise large amounts
of equity make them an ideal partner for TCB New Hope.
Our Finance Department provides consulting services to TCB New
Hope Housing, Inc. for the work they do to secure the necessary
equity and preparing the financing structure for the projects going
through the NHH Fund.
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