America First Multifamily Investors LP (ATAX)

Overview

America First Multifamily Investors, L.P., based in Omaha, Nebraska, specializes in acquiring, holding, selling, and dealing with a portfolio primarily consisting of mortgage revenue bonds (MRBs) designed for the construction and/or permanent financing of multifamily and student housing, along with residential and commercial properties. The company navigates the market through five distinct segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts. As of December 31, 2021, America First Multifamily Investors, L.P. boasts ownership of 74 MRBs and nine governmental issuer loans, serving to finance multifamily and seniors housing properties across 17 states. This extensive portfolio underscores the company's commitment to promoting affordable housing across the United States. Incorporated in 1998, the company thrives under the guidance of its general partner, America First Capital Associates Limited Partnership Two.

Products and Services

• Affordable Multifamily MRB Investments

  This segment focuses on the investment in mortgage revenue bonds that are issued to support the construction or permanent financing of affordable multifamily housing projects. These investments are crucial for stimulating the development of housing solutions that are accessible to lower-income families across various states, demonstrating a commitment to community development and support.

• Seniors and Skilled Nursing MRB Investments

  Specializing in the financing of housing projects for seniors and skilled nursing facilities, this segment addresses the growing demand for adequate living spaces catered to the elderly and those requiring long-term care. By financing these projects, America First Multifamily Investors, L.P. contributes to the well-being and comfort of an aging population, ensuring they have access to necessary care and accommodations.

• MF Properties

  This aspect of their operation deals with the direct ownership and management of multifamily properties. This includes not only the investment in physical properties but also their development and maintenance, aiming to offer high-quality living spaces that meet the needs of diverse communities. Through direct involvement in property management, the company ensures that its standards of livability and tenant satisfaction are consistently met.

• Market-Rate Joint Venture Investments

  Engaging in joint ventures, this segment aims to invest in market-rate multifamily housing projects. By collaborating with other stakeholders, America First Multifamily Investors, L.P. leverages shared resources and expertise to support the development of housing projects that align with market demands, ensuring profitability and sustainability in the long term.

• Public Housing Capital Fund Trusts

  This unique offering involves the creation and management of capital fund trusts that are designed to finance the revitalization and maintenance of public housing facilities. By providing these essential services, the company plays a pivotal role in enhancing the quality and safety of public housing, benefiting communities and fostering a better living environment for all residents.