About Highland Property Development, LLC
Highland's family of companies builds on its commitment to de-institutionalize affordable housing within its developments. Highland revitalizes affordable housing properties "at risk" of conversion to market rate housing, providing quality upgrades with consideration of how these improvements will affect the residents' home life. The Highland Family of Companies manages each stage of the redevelopment process - from acquisition to rehabilitation and procurement of debt and equity financing of multifamily affordable housing communities throughout California.
The heart of the Highland family is Highland Property Development LLC (HPD), the development arm of the organization. HPD has successfully acquired and rehabilitated 39 multifamily developments representing 2,473 units in 29 separate limited partnerships. The majority of these developments has involved the preservation of at-risk affordable housing. HPD structures and finances the developments with the assistance of federal Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing, federal, state and city loans, privately placed debt and various rental subsidy programs. Highland Property Construction Inc. (HPC) is the general contracting entity responsible for building, renovating and physically maintaining the Highland portfolio of properties. HPC also provides construction services to other affordable housing developers.
Highland Property Advisors LLC (HPA) provides LIHTC and tax-exempt bond financing advisory services to HPD and to other developers needing assistance with finding funding sources.