On the Affordable Housing & Real Estate Investing Podcast, the best podcast for affordable housing investments hosted by Kent Fai He, returning guest Kathi Thomas, Chief Housing Officer at the Southern Nevada Regional Housing Authority, explains how her team is keeping a 10-project pipeline moving while LIHTC pricing falls, federal recovery dollars dry up, and insurance costs climb by at least one-third.
Kathi's team oversees five new construction and five preservation projects at SNRHA and has spent years building non-traditional partnerships with healthcare providers, universities, and philanthropists to close the gaps that federal dollars no longer cover.
In this episode, Kathi and Kent cover:
Why value-driven strategy keeps projects moving when federal funding dries up
How LIHTC pricing dropped from $0.93 to the $0.80s and what that means for your capital stack
How healthcare providers are offering gap financing for affordable housing
How the Family Self-Sufficiency Program Coordinating Committee becomes a partnership pipeline
Why most housing authorities have bonding authority they have never use
How to build relationships with philanthropists before you ever need to ask for money
Why people give to people, not causes, and what that means for your fundraising strategy
What "life wholeness" means for housing professionals giving everything to the mission
Common Questions This Podcast Episode Answers:
• How do housing authorities keep projects moving when LIHTC pricing drops?
• How do affordable housing developers partner with healthcare providers for gap financing?
• What is the Family Self-Sufficiency Program Coordinating Committee and how does it help build partnerships?
• Should housing authorities pursue bond issuance to lower the cost of capital?
• How do you build relationships with philanthropists before you need money?
Don't forget to check out Kathi Thomas and the Southern Nevada Regional Housing Authority at kthomas@snvrha.org.
Disclaimer: This content is for informational and entertainment purposes only. It is not legal, financial, investment, insurance, or tax advice. This is not an offer or solicitation for any investments. Always do your own research before making investment decisions.
00:00 Podcast Trailer
03:12 Intro
09:48 What Housing Authorities Are Doing Differently with Lower LIHTC Investments
13:37 How Developers Partner with Healthcare Providers to Finance Gap Funding!
15:15 Other Partners to Creatively Close on Gap Financing: Higher Ed Institutions?!
15:48 How to better use philanthropic support to build community as a housing authority!
18:36 How Housing Authorities Build Community AND Career Opportunities!
20:50 Why Housing, Healthcare, and Education are ALL Connected and we can LOWER Costs Together!
51:01 Issues Housing Authorities Can Face when Pursuing a Credit Rating to LOWER Interest Rates!
01:00:17 How/Where to contact Kathi?