R4 Capital LLC

Affordable housing begins with the first shovelful: the new construction of Athens Flats is underway. Lindsay Soyka, Paul Connolly, and Josh Perlmutter of R4 Capital and Michael Hopps from R4 Capital Funding were pleased to join the groundbreaking ceremony in Athens, GA. The completion of this project will bring 192 low-income apartment units to this community. Central for the families that will reside there, the location is near shopping – including grocery, employment opportunities, medical and support services and ample transit access. R4 provided $32MM in tax credit equity and R4CF $36.5MM in permanent and construction bond financing.

R4 Capital is proud to support Women's Affordable Housing Network (WAHN)'s mission to build a national network of people with a shared passion for #affordablehousing and the empowerment of women. We are excited to sponsor and attend the sold out #Summit2024. Look for Glenn Hopps and Rosie Franco! Connect, learn, empower. Let’s do this together!

The need for affordable housing isn't just an urban issue. Hear Paul Connolly and fellow industry insiders discuss the challenges for developing housing in rural areas and how to create partnerships for financing it on June 5 at Housing Alliance of Pennsylvania's Rural Pennsylvania Housing Summit. Register here: https://lnkd.in/e-A7MmUu

"A tenacious team of many" indeed is needed to finance and develop affordable housing. When collaborating with great partners, adaptive-reuse is possible. R4 is pleased to have provided $14.5 MM in tax credit equity financing for Shimer Square. Reach out to R4’s Paul Connolly, Lindsay Soyka, and Daniel Kaplan for more information.

Adaptive reuse of a property to create affordable housing needs a vision and strategic financing. The transformation from an historic elementary school into low-income senior housing is underway in Peterburg, VA. When completed, Dorsey Flats will consist of the 1939 school updated and renovated to contain 49 units along with the new construction of 46 affordable single-family homes in the historic Delectable Heights neighborhood. R4 Capital including Paul Connolly, Lindsay Soyka, Owen McCormick, Josh Perlmutter, and Stephanie Curtis are proud to have provided $15MM in tax credit equity financing to bring this visionary housing to fruition.  https://lnkd.in/gM_MpENY

Hope you've already registered for the sold out MN Affordable Housing Summit in Minneapolis, Thursday, May 9. R4's Lindsay Soyka joins the Investors panel for an insightful and collaborative discussion of what this year may hold for affordable housing. #AHSMN2024

R4 Capital Funding's Michael Hopps will be speaking at the InterFace Conference Group Affordable Housing Southeast conference on May 9 in Atlanta. There's still time to register to hear Mike and other industry experts discuss access to capital, equity, debt and options for affordable and workforce housing. Not enough R4? Look for Brad Schierhorn, Matthew Martinez, and Daniel Harrington too! Register here: https://lnkd.in/gBxr3ejJ

A baker's dozen today! For 13 years, together with our developer and investor partners, we have provided more than $9.7 billion in LIHTC equity and tax-exempt mortgage capital to create and preserve more than 64,000 units of affordable housing! Happy R4 Capital Birthday to our Founder, President, and CEO Marc Schnitzer and to the original team that joined R4 in the first year: Jason Gershwin, Paul Connolly, Jay Segel, Alex Magliozzi, Brian McMahon, Ronne Thielen, Glenn Hopps, and Greg Doble!

Four chances to hear R4 this week! Best of the best speaking on panels across the U.S.: Adam Cohen at the Pennsylvania Housing Finance Agency in Harrisburg, PA, Stephanie Hynes and Brian McMahon at Novogradac & Company LLP Affordable Housing Conference in San Francisco, CA, and Austin Divino at the National Housing & Rehabilitation Association Spring Developers Forum in Denver, CO. Which one will you attend? PHFA registration: https://lnkd.in/eUPEBvhA Novogradac registration: https://bit.ly/4bkeGCh NH&RA registration: https://bit.ly/3JBb1UO

R4 Capital and other LIHTC syndicators shared with Donna Kimura their outlook for the affordable housing market in 2024. Says R4's managing director, Jason Gershwin: "Within the current LIHTC market, we see a steady supply of property investment opportunities and steady demand from investor capital..." and more.  https://lnkd.in/g7qvz47k