First Housing Development Corporation

Financial ServicesUnited States51-200 Employees

First Housing has the experience necessary to evaluate your financing proposal, and recommend a transaction structure and financing plan to meet your needs. Our real estate professionals have a deep understanding of the public financing sector and the myriad of rules closely associated with this type of financing. 

Mortgage Banking is just the beginning of First Housing’s capabilities. We help lenders & investors make sound decisions by providing underwriting, financial analysis, loan servicing & administration services. We advise housing finance agencies and other governmental lenders to facilitate sound financial decisions. First Housing provides underwriting and financial analysis under state and federal government programs such as:
Multifamily Housing Revenue Bond (MMRB) 
HOME Investment Partnership (HOME) 
Federal Low Income Housing Tax Credit (HC/LIHTC) 
Florida - State Apartment Incentive Loan (SAIL) 
Florida - State Housing Initiatives Partnership (SHIP) 

After years of mortgage loan administration for federal, state and local government agencies, we understand fully how to meet each agency’s needs, as well as each investor’s return objective. First Housing has been performing construction loan servicing under a number of programs for over 30 years. We perform draw request analysis and approval of disbursements, as well as retain and monitor third-party firms to inspect the developments during the construction period.

Let First Housing alleviate the burden by putting our Davis-Bacon specialists to work for you.  We are committed from start to finish because we understand what it takes to meet each Agency’s needs & keep each project on track. Here are some of the services First Housing provides:
Davis-Bacon & Section 3 Compliance Monitoring & Administration
Davis-Bacon Payroll Review & Payroll Administration
Pre-Construction Conference
Monthly On-Site Employee Interviews & Inspections
Standard with DOL and HUD
In-House Trainings & Seminars

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