THA’s Development division provides real estate development of single family homes, multi-family homes and commercial properties. This department also oversees the development of new construction homes and the rehabilitation of single family homes and multi-family apartments.
THA’s Development staff can put their years of experience to work for your organization when it comes to developing real estate. THA can assist you through the conceptual stage of developing your ideas. THA will also utilize relationships with architects, legal counsel, consultants and financial institutions to formulate a sustainable approach to developing your project. THA also provides construction management services to ensure your project is completed on schedule and within your allotted budget.
THA’s Development staff are experienced in the acquisition process for various forms of real estate and in coordinating real estate transactions and negotiations. If you organization has an exsiting relationship with a Real Estate Brokerage or Agent, THA staff can coordinate the acquisition process or utilize THA relationships and an in-house broker to locate, indentify and negotiate real estate acquisitions. THA staff is very familiar with analyzing zoning requirements and obtaining necessary variances from local governing boards.
THA Development staff is experienced with a variety of financing instruments such as:
Since 2019, THA has facilitated the successful Uniform Relocation Act-compliant relocation of over 500 households, highlighted by the offsite relocation efforts that occurred at Riverview Park and Brightwaters Apartments, as well as the onsite relocation efforts at Sandy Park and Apache Manor.
Highlighted by the Envision Comanche Master Plan, THA has extensive experience in site selection and analysis, feasibility assessments and community-level planning efforts.
THA has procured and maintains a pool of qualified consultants to address all aspects of the predevelopment process, including architectural and engineering designs, market studies, appraisals, feasibility studies, physical needs assessments, surveying and title, zoning and entitlements. Our predevelopment team has successfully ushered over 10 projects since 2019 from origination through underwriting.
THA maintains a team of underwriting staff that has underwritten and closed on a variety financing tools, including 4% and 9% Low-Income Tax Credit (LIHTC) funding, tax exempt bonds, FHA-insured loans (221(d)4 and 223(f)), seller financing, balance sheet loans and construction loans. Since 2019, THA has closed on over $150M in project financing
THA has completed both substantial renovations and new construction on over 300 units since 2020, with another 800 units under construction or set to initiate construction in the coming year. THA maintains a high capacity staff with the ability to administer jobs of all sizes, ranging from $1M or less repairs to $60M+ complex renovation and new construction projects.