Capital Area Multi-Housing (CAMH) is a 501(c)(3) non-profit, and a wholly owned subsidiary of Capital Area Housing Finance Corporation (CAHFC). CAMH may act as a non-profit owner or developer for projects financed by CAHFC or other entities. These projects may be new construction or rehabilitation of existing multi-family communities.

CAMH seeks opportunities to co-develop affordable housing properties using 9% tax credits or 4% tax credits with tax-exempt bonds or 501(c)3 bonds Developers interested in working with CAMH should submit a proposal to its President, Jim Shaw.

The proposal should acknowledge the following business terms:

1. CAMH, or its designated affiliate, will serve as the sole general partner of the partnership owning the property;
2. by virtue of its participation, CAMH expects to provide an ad valorem tax exemption for the property;
3. the developer will provide all development services and guarantees;
4. the development fee will be split between the parties, with 80% going to the developer and 20% going to CAMH; and
5. all other items of net cash flow of the partnership that would otherwise be distributable to CAMH will be shared with the developer on a 50/50 basis.

Additional business terms will be agreed to in a standard form Memorandum of Understanding between CAMH and the developer, if CAMH chooses to participate in the transaction. To request the standard Memorandum of Understanding, please contact Lori Fisher at .

Further information will be required by CAMH once the transaction is in process. Please refer to the Due Diligence Checklist for a summary of items that will be requested.