We Believe In Excellence And Service
Orbach Affordable Housing Solutions LLC, is a private real estate development company with a concentration in affordable housing preservation.
Orbach has expertise in acquisition and redevelopment of existing properties and understands the complexities of acquiring, refinancing and rehabilitating properties under State and/or Federal programs, including: Section 42 LIHTC properties, Section 8 properties.
Since its inception, developing new affordable housing has been a fundamental part of Orbach’s business strategy and organizational culture. Orbach is an expert at utilizing a variety of government subsidy programs to develop and manage affordable rental units in numerous states. Orbach’s track record over this period has been exemplary, with every project completed and marketed successfully, on-time and on-budget.
Orbach’s principal has a hands-on approach to managing the details of the development process from property acquisition, project finance and design, through construction and marketing. The firm is experienced in both new construction and rehabilitation of affordable housing.
With a focus on urban development, the company is well-versed in dealing with the challenges of a competitive business and regulatory environment. Orbach prides itself on seeking out and successfully completing a broad array of complex and exciting residential projects reflecting its longstanding commitment to quality.
Regulatory Program Excellence
Orbach has extensive experience with and works closely on a regular basis with the following federal, state, and local agencies:
o U.S. Department of Housing and Urban Development
o New Jersey Housing and Mortgage Finance Agency
o New York State Housing Finance Agency
o The New York State Division of Housing and Community Renewal
o New York City Housing Development Corporation
o New York City Department of Housing Preservation and Development
o Pennsylvania Housing Finance Agency
o Philadelphia Authority for Industrial Development
o California Housing Finance Agency
o California Tax Credit Allocation Committee
o Minnesota Housing Finance Agency
Achieving compliance with multiple levels of regulation requires a diligent, experienced and professional management team. We are proud of our record of complete compliance with the Low -Income Housing Tax Credit requirements and the specific regulations of each of the numerous agencies administering regulatory programs across the country.
We believe that Orbach Affordable Housing Solutions has a unique set of competitive advantages in evaluating and executing complex initiatives. We believe these advantages substantially insure success of our developments.
Our competitive advantages are as follows:
Reputation and Certainty of Execution – The assemblage of an exceptional team that has a proven record of their ability to execute on the negotiated terms coupled with the reputation each of entities has earned over an extended period.
Property Management Experience & Expertise – Orbach has managed Affordable Properties currently owns and manages 3,232 affordable units. Orbach has a staff that is knowledgeable with practices and procedures affecting the affordable sector.