{"id":182,"date":"2019-04-02T21:40:39","date_gmt":"2019-04-02T21:40:39","guid":{"rendered":"\/?page_id=182"},"modified":"2019-08-27T15:20:06","modified_gmt":"2019-08-27T19:20:06","slug":"property-acquisition-development","status":"publish","type":"page","link":"http:\/\/themillenniacompanies.com\/101419\/what-we-do-2\/property-acquisition-development\/","title":{"rendered":"Development"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” next_background_color=”#ffffff” admin_label=”Header” _builder_version=”3.25.4″ use_background_color_gradient=”on” background_color_gradient_start=”#862633″ background_color_gradient_end=”#d2d2d2″ background_color_gradient_direction=”130deg” background_image=”http:\/\/themillenniacompanies.com\/101419\/wp-content\/uploads\/2019\/08\/1224x645ribbon.jpg” background_position=”top_center” custom_padding=”7vw||10vw||false|false” custom_padding_tablet=”100px||100px||true” custom_padding_phone=”||||true” bottom_divider_style=”ramp2″ bottom_divider_height=”250px” bottom_divider_flip=”horizontal” bottom_divider_height_tablet=”150px” bottom_divider_height_phone=”110px” bottom_divider_height_last_edited=”on|phone” saved_tabs=”all” fb_built=”1″ _i=”0″ _address=”0″][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|desktop” admin_label=”Team” _builder_version=”3.22.4″ border_radii=”on|10px|10px|10px|10px” custom_padding=”|||” custom_padding_tablet=”0px|||” custom_padding_phone=”0px|||” bottom_divider_style=”ramp” bottom_divider_color=”#ffffff” bottom_divider_height=”250px” bottom_divider_height_tablet=”150px” bottom_divider_height_phone=”110px” bottom_divider_height_last_edited=”on|phone” fb_built=”1″ _i=”1″ _address=”1″][et_pb_row column_structure=”2_3,1_3″ _builder_version=”3.25.4″ _i=”0″ _address=”1.0″][et_pb_column type=”2_3″ _builder_version=”3.25.4″ _i=”0″ _address=”1.0.0″][et_pb_text _builder_version=”3.25.4″ hover_enabled=”0″ _i=”0″ _address=”1.0.0.0″]<\/p>\n

Established in 1995, Millennia Housing Development, Ltd. (MHD)<\/span> is the real estate development company within The Millennia Companies\u00ae<\/sup> (\u201cMillennia\u201d). MHD\u2019s team of professionals leads Millennia\u2019s efforts to acquire new assets, and recapitalize and redevelop<\/span> both existing and newly acquired assets utilizing a variety of financing tools.<\/p>\n

We are experts in managing complex financing structures<\/span> including use of tax exempt and taxable bond issues, 4% and 9% Low-Income Housing Tax Credits, state housing tax credits, soft subsidy loans through state and local governments, tax PILOTs\/abatements, bridge loans and private equity investments. We work extensively<\/span> with key government-sponsored entities such as Fannie Mae and Freddie Mac, and work in concert with the Federal Housing Administration (FHA). MHD works creatively and consistently<\/span> to employ new tools and funding programs to meet our objectives.<\/p>\n

Overall, MHD\u2019s goal is to ensure<\/span> that properties coming into Millennia’s robust and growing portfolio<\/span> (and properties in our existing portfolio) are (and remain) financially viable. This goal is aligned with Millennia’s overall mission \u2013 to serve as a dedicated long-term owner and manager<\/span> of quality apartment communities \u2013 both affordable and market rate.<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.25.4″ _i=”1″ _address=”1.0.1″][et_pb_text _builder_version=”3.27.3″ text_font=”||||||||” text_text_color=”#ffffff” hover_enabled=”0″ _i=”0″ _address=”1.0.1.0″ background_enable_color=”off” header_text_color=”#000000″]<\/p>\n

Featured News<\/h3>\n

[\/et_pb_text][et_pb_post_slider show_meta=”off” _builder_version=”3.25.4″ header_font=”||||||||” _i=”1″ _address=”1.0.1.1″][\/et_pb_post_slider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” prev_background_color=”#ffffff” admin_label=”Footer” _builder_version=”3.22.4″ background_color=”#862633″ use_background_color_gradient=”on” background_color_gradient_start=”#862633″ background_color_gradient_end=”#d2d2d2″ background_color_gradient_direction=”130deg” background_color_gradient_start_position=”25%” parallax=”on” custom_padding=”10vw||7vw||false|false” custom_padding_tablet=”100px||100px||true” custom_padding_phone=”||||true” top_divider_style=”ramp2″ top_divider_height=”250px” top_divider_flip=”vertical” top_divider_height_tablet=”150px” top_divider_height_phone=”110px” top_divider_height_last_edited=”on|phone” saved_tabs=”all” fb_built=”1″ _i=”2″ _address=”2″][et_pb_row _builder_version=”3.25.4″ _i=”0″ _address=”2.0″][et_pb_column type=”4_4″ _builder_version=”3.25.4″ _i=”0″ _address=”2.0.0″][et_pb_image src=”http:\/\/themillenniacompanies.com\/101419\/wp-content\/uploads\/2019\/08\/Millennia-10k-Nov2018-MHD-wide-trans-white-e1565798018352.png” align=”right” _builder_version=”3.25.4″ custom_margin=”||20px” _i=”0″ _address=”2.0.0.0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” next_background_color=”#ffffff” admin_label=”Header” _builder_version=”3.25.4″ use_background_color_gradient=”on” background_color_gradient_start=”#862633″ background_color_gradient_end=”#d2d2d2″ background_color_gradient_direction=”130deg” background_image=”http:\/\/themillenniacompanies.com\/101419\/wp-content\/uploads\/2019\/08\/1224x645ribbon.jpg” background_position=”top_center” custom_padding=”7vw||10vw||false|false” custom_padding_tablet=”100px||100px||true” custom_padding_phone=”||||true” bottom_divider_style=”ramp2″ bottom_divider_height=”250px” bottom_divider_flip=”horizontal” bottom_divider_height_tablet=”150px” bottom_divider_height_phone=”110px” bottom_divider_height_last_edited=”on|phone” saved_tabs=”all” fb_built=”1″ _i=”0″ _address=”0″][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|desktop” admin_label=”Team” _builder_version=”3.22.4″ border_radii=”on|10px|10px|10px|10px” custom_padding=”|||” custom_padding_tablet=”0px|||” custom_padding_phone=”0px|||” bottom_divider_style=”ramp” bottom_divider_color=”#ffffff” bottom_divider_height=”250px” bottom_divider_height_tablet=”150px” bottom_divider_height_phone=”110px” bottom_divider_height_last_edited=”on|phone” fb_built=”1″ _i=”1″ _address=”1″][et_pb_row column_structure=”2_3,1_3″ _builder_version=”3.25.4″ _i=”0″ _address=”1.0″][et_pb_column type=”2_3″ _builder_version=”3.25.4″ _i=”0″ _address=”1.0.0″][et_pb_text _builder_version=”3.25.4″ hover_enabled=”0″ _i=”0″ _address=”1.0.0.0″] Established […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":77,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"

Established in 1995, Millennia Housing Development, Ltd. (MHD)<\/span> is the real estate development company within The Millennia Companies\u00ae<\/sup> (\u201cMillennia\u201d). MHD\u2019s team of professionals leads Millennia\u2019s efforts to acquire new assets, and recapitalize and redevelop<\/span> both existing and newly acquired assets utilizing a variety of financing tools.<\/p>

We are experts in managing complex financing structures<\/span> including use of tax exempt and taxable bond issues, 4% and 9% Low-Income Housing Tax Credits, state housing tax credits, soft subsidy loans through state and local governments, tax PILOTs\/abatements, bridge loans and private equity investments. We work extensively<\/span> with key government-sponsored entities such as Fannie Mae and Freddie Mac, and work in concert with the Federal Housing Administration (FHA). MHD works creatively and consistently<\/span> to employ new tools and funding programs to meet our objectives.<\/p>

Overall, MHD\u2019s goal is to ensure<\/span> that properties coming into Millennia's robust and growing portfolio<\/span> (and properties in our existing portfolio) are (and remain) financially viable. This goal is aligned with Millennia's overall mission \u2013 to serve as a dedicated long-term owner and manager<\/span> of quality apartment communities \u2013 both affordable and market rate.<\/p>","footnotes":""},"class_list":["post-182","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/pages\/182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":16,"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/pages\/182\/revisions"}],"predecessor-version":[{"id":1457,"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/pages\/182\/revisions\/1457"}],"up":[{"embeddable":true,"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/pages\/77"}],"wp:attachment":[{"href":"http:\/\/themillenniacompanies.com\/101419\/wp-json\/wp\/v2\/media?parent=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}