Belmont Development

Featured Project

The Savannah at Gateway is a senior (55+) community. Nestled just north of the intersection of Shiloh and Renner roads in Plano, Texas, The Savannah is a place where you can renew old activities or explore new interests in a relaxed and inviting environment. Find your new home at The Savannah - enjoy a beautiful atmosphere in a convenient, suburban location. The Savannah features many luxury amenities, including an attractive community center, a fitness facility, a business center, a spa-style pool, and greenbelt. 

About

Belmont Development Company was formed in 2007 for the primary purpose of developing its large USDA Rural Development portfolio in Oklahoma, Arkansas, Texas, Kansas, Missouri, and Colorado. Belmont’s goal is to preserve affordable housing in these communities by rehabilitation through the Low Income Housing Tax Credit Program. Since its inception in 2007 Belmont Development has fully completed 31 LIHTC developments which make up over 1600 rehabilitated and new construction affordable housing units.

Belmont Development has tremendous experience working in the Low Income Housing Tax Program. This experience includes, but is not limited to site selection, pre-development due diligence, preparation of LIHTC applications, approval awards for LIHTC funds, securing all necessary private financing, post-award due diligence with financial providers, construction oversight, project lease-up oversight, timely credit delivery, and finally continuous stable sustainable occupancy. Part of what has allowed us to enjoy the success we have is our detailed knowledge and experience with a variety of funding mechanisms as well. Whether it be acquiring securing a HOME loan through HUD’s HOME Investment Partnership program, utilizing grant funds from FHLB’s AHP (Affordable Housing Program), or applying for USDA RD’s 538 or HUD’s 221(d)(4) loan programs we have the knowledge and expertise to not only layer the best possible combination of funds, but also navigate the complicated web of ensuring compliance with all of the various regulations and guidelines associated with each individual program.

Project Listing


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Coming Soon

  • GardenWalk of Coweta


    Location:
    Coweta, OK
    Role:
    Developer, General Contractor
    Built:
    Under Construction; Scheduled for Completion in 2017
    Funding:
    LIHTC, RD
  • GardenWalk of South Fork


    Location:
    South Fork, CO
    Role:
    Developer, General Contractor
    Built:
    Scheduled for Completion in 2017
    Funding:
    LIHTC, RD
  • SavannahPark of Charleston I & II


    Location:
    Charleston, AR
    Role:
    Developer, General Contractor
    Built:
    Scheduled for Completion in 2017
    Funding:
    LIHTC, RD, HOME