While my Travois colleagues in Kansas City undoubtedly count the Royals’ World Series win as the highlight from 2015, I took a different route when I reflected on the past 12 months.
I lead the housing development team, which is made up of Casey Cline, Adam Rose, Marie Allen, Alexandria Murnan and Rachael Rider. They have all worked extremely hard for our clients, and the results of this hard work are quite frankly astounding!
I couldn’t be more proud of what this work means to Indian Country – more homes for families who need them and more jobs created, homeownership opportunities and improved quality of life for hundreds (if not thousands) of people.
Here are a few highlights:
- We helped our clients close 11 development projects with investors in 2015, the most we’ve accomplished together in seven years.
- These 11 projects raised $56 million in investor equity, which will help build 333 new homes and rehabilitate another 156 homes for a total of 489 homes.
- We received awards for seven additional Low Income Housing Tax Credit projects in five states.
- We helped five clients receive grant funds in total of more than $2.1 million through the Affordable Housing Program.
- And perhaps most impressively, we saw record-setting investor pricing. In 2015, an investor paid $1.01 per credit, the most ever in Indian Country. This was for the Karuk Tribe’s 30-home new construction project in Yreka, CA.
I can’t wait to see what 2016 brings! Contact me if you have a housing project idea.
To learn more about what happened in 2015, please read Chief Operating Officer Elizabeth Bland Glynn’s 2015 wrapup.