Trinity Associates, LLC|
Trinity Associates, LLC is a nationally recognized, private sector firm with over twenty years of experience in producing top quality, affordable housing. All aspects of housing development, from site acquisition, local land use approvals, through property management, are within the expertise and experience of our company and its affiliates.
Since the early 1980's, the Trinity organization has successfully developed or rehabilitated approximately [INSERT NUMBER] housing units. We have overseen over $84.0 million of new construction and substantial rehabilitation.
Our residential communities come in every shape and size, from low-density townhouses and garden apartments to high-rise towers. They are located in every setting — urban, suburban and rural.
The bread and butter of the Trinity organization is the development of affordable rental housing. We own and operate:
- More than [INSERT NUMBER] communities affordable to lower income families and senior citizens through project-based Section 8 and similar federal assistance;
- More than [INSERT NUMBER] communities affordable to working families through the low Income housing tax credit program.
KEYS TO OUR SUCCESS
Financing options for affordable housing are a confusing array of loans, grants, and various other programs containing numerous qualifications and restrictions. Trinity has in-depth knowledge of these options as well as the ability to stitch a number of them together seamlessly to create a development proposal
that pencils out financially. Knowing the myriad funding sources and how to put them together to make a deal work is the art of affordable housing.
LIHTC (low-income housing tax credit), HOPE VI, CDBG (community development block grant), and
HOME funds as well as other U.S. Department of Housing and Urban Development (HUD) programs represent the bulk of project funding at the federal level. States, counties, cities, and towns often offer numerous financing and incentive programs as well, including housing trust funds.
The administering authorities for these programs vary from HUD to local housing authorities and housing finance agencies (HFAs), which administer the LIHTC. Many of these HFAs offer additional state tax credits as well. While affordable housing projects generally need various funding sources, the expected commitments and reporting obligations of the programs vary, further adding to the complexity of developing affordable housing.
Trinity’s knowledge and experience with these programs and their parameters has been the cornerstone of Trinity’s long-term financial success.
At Trinity we feel it is important to work closely with government and community leadership to blunt much of the resistance to affordable housing stemming from misconceptions about who will live in it. Often the ugliest negative stereotypes that are involved by opponents need to be combated by informing the public about the true makeup of the market for affordable housing. This market comprises a broad spectrum of individuals and families that may include elderly couples on a fixed-income, working families, and singles starting out in careers. Having a variety of housing opportunities makes a community dynamic, lively, and, most importantly, sustainable. Housing that is affordable to working families and close to their places of employ¬ment is a critical component of a region’s economic health. Workers who must com¬mute long distances because they cannot find affordable housing close to their jobs spend an excessive amount of time on the roadways that could be spent at work, and are thereby less productive and more frustrated.
To effectively challenge opponents directly and in a principled way that is based on a vision of a balanced, sustainable com¬munity, Trinity has successfully aligned itself closely with government and community leaders who can provide support at critical times. While, on one level, affordable housing leaders are fighting for the construction of affordable homes, ultimately they are arguing for larger concepts and ideas relating to fair¬ness and equity. Broader community support and trust engendered by principled leadership has been crucial to the success of Trinity’s affordable housing developments.
Open Communication and Community Outreach
Trinity realizes that dedication to quality and open communication are what will facilitate collaboration and consensus as well as understanding and trust.
Building community support and trust begins with clear and open communication with everyone from the highest elected officials to the neighbors of the proposed development. A fair and open planning and design process allows all interested parties to be heard, and builds a foundation of partnership and shared goals in the community before decisions are made and implemented.
Trinity has fostered support and trust by a demonstrating long-term commit¬ment to excellence, value, and good design, as well as dedication to active manage¬ment and maintenance.