Development

Mill Plain has acquired in excess of 10,000 units of affordable housing since its inception, with an aggregate transaction value of approximately $1.3 Billion. The largest concentration of the company’s units (over 4,200 units) are located in the New York City Metropolitan Area. Mill Plain also has a sizeable presence in the Greater Boston area of Massachusetts, with over 525 units. The balance of the portfolio is spread throughout fifteen other states, with sizeable concentrations in California and Florida.

Mill Plain has a solid reputation for acquiring, renovating and managing some of the most challenged properties in the New York City Metropolitan Area. The company has extensive experience with many Federal and State financing programs, including Section 42 Low Income Housing Tax Credits, Section 8 (project based and tenant vouchers), NYS Housing Trust Fund loans, Federal Home Loan Bank grants, NYS HFA Empire Housing Fund Program and Section 236 IRP's transactions.

Mill Plain has maintained a successful track record with HUD, numerous banks and state as well as local housing finance authorities. Mill Plain's positive relationship with all of the referenced agencies is directly related to its ability to close and complete complicated and highly structured transactions in a timely and efficient manner.