What We Do
Commonwealth Multifamily has the ability and resources to:
Own and operate affordable rental housing
Serve as an independent nonprofit general partner for affordable housing partnerships
Obtain and administer 501(c)(3) tax-exempt bond financing
Obtain and administer IRC Section 42 Low Income Housing Tax Credits
Qualify for national, state, and local support and initiatives (real estate tax exemptions; grant programs; etc.) that make housing affordable for eligible families and individuals
Provide development loans and equity for affordable housing
Deliver successful affordable housing asset turn-around planning and execution
Provide strong affordable housing asset management and execution
Design and provide resident services, activities, and events for medium and low-income wage earners that create a sense of community and increase resident retention and loyalty
Provide resident rental assistance programs for partner properties as needed
