{"id":136,"date":"2019-06-22T02:30:13","date_gmt":"2019-06-22T02:30:13","guid":{"rendered":"https:\/\/milestonehousing.l7g1nsll-liquidwebsites.com\/?page_id=136"},"modified":"2022-04-23T21:48:00","modified_gmt":"2022-04-24T04:48:00","slug":"projects-work","status":"publish","type":"page","link":"https:\/\/milestonehousing.com\/projects-work\/","title":{"rendered":"Projects & Work"},"content":{"rendered":"\t\t
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Recent<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Projects<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The following projects were all taken from spreadsheet to reality by Marcus Griffin, in collaboration with various team members.  Marcus developed these properties while serving as Chief Financial Officer of Klein Capital Solutions, Roem Corporation and as an independent consultant.  <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Marcus was responsible for creating each project\u2019s financial plan and also applying for and obtaining subsidies at the local, county, state and Federal level. Marcus then managed the entire closing process, working with public and private lenders and investors to complete due diligence and project documentation (partnership agreements, loan agreements, etc.), including identifying and resolving complex tax and financial structuring issues. Finally, Marcus oversaw the asset management function, insuring that tax credit compliance and reporting followed all program requirements. Marcus maintains an ownership interest in several of these properties.<\/p><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Dana Strand Senior Apartments,
Los Angeles, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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100 Senior Affordable Units<\/span><\/div>
Developer: ROEM Corporation and the Housing Authority of the City of Los Angeles<\/span><\/div>
HUD Project Based Section 8 Contract<\/span><\/div>
Los Angeles Housing Department Loan<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>
Awards: \u00a0NAHB Gold Award Best 50+ Affordable Rental Community<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Corde Terra Senior Apartments,
San Jose, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Roem Corporation and the Housing Authority of Santa Clara County<\/span><\/div>
199 Senior Affordable Apartments<\/span><\/div>
HUD Project Based Section 8 Contract<\/span><\/div>
City of San Jose Loan<\/span><\/div>
Santa Clara County Ground Lease<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1010 Pacific Avenue Apartments, Santa Cruz, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Pacific Union Apartments<\/span><\/div>
112 Units – 20 Percent Affordable<\/span><\/div>
Ground Floor Retail<\/span><\/div>
Santa Cruz Redevelopment Agency Loan<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Cedar Gateway Apartments,
San Diego, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Roem Corporation, Pacific Housing, Inc. and Gary Squier<\/span><\/div>
65 Affordable Units, Including 23 Permanent Supportive Housing Units For Homeless Individuals<\/span><\/div>
Ground Floor Retail<\/span><\/div>
CCDC Agency Loan<\/span><\/div>
CalHFA Loan Through the MHSA program<\/span> (1<\/span>st<\/sup><\/span> loan closed)<\/span><\/div>
HCD Loan Through the MHP Program<\/span><\/div>
9 Percent Tax Credits<\/span><\/div>
Awards: Urban Land Institute Global Awards For Excellence<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Brookwood Terrace Apartments,
San Jose, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Roem Corporation and Eden Housing<\/span><\/div>
84 Family Units<\/span><\/div>
City of San Jose Loan<\/span><\/div>
T<\/s><\/span>ax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Village at Broad Street,
San Luis Obispo, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Roem Corporation and Pacific Housing, Inc.<\/span><\/div>
42 Family Affordable Units<\/span><\/div>
Ground Floor Retail<\/span><\/div>
City of San Luis Obispo Loan<\/span><\/div>
AHP Funds<\/span><\/div>
9 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Heritage Estates Senior Apartments, Livermore, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Callahan Property Company and Klein Financial Corporation<\/span><\/div>
130 Senior Units – 40 Percent Affordable<\/span><\/div>
City of Livermore Loan<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2016<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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River Run Senior Apartments,
Corona, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Steadfast Properties<\/span><\/div>
360 Affordable Senior Units<\/span><\/div>
City of Corona Loan<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>
Community Facility District Financing<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2017<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Cinnabar Commons,
San Jose, CA<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Developer: \u00a0Seven Hills Properties<\/span><\/div>
245 Family Affordable Units<\/span><\/div>
City of San Jose Loan<\/span><\/div>
Tax Exempt Bonds and 4 Percent Tax Credits<\/span><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Professional Consultation<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Contact<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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