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REAL ESTATE DEVELOPMENT

Real estate development services encompass the process of transforming land or properties into new projects. BHI Construction and Real Estate Development offers comprehensive real estate development services, including feasibility analysis, site acquisition, planning and design, permitting and approvals, financing and investment, construction management, and marketing and sales.

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In addition, BHI Construction and Real Estate Development specializes in affordable housing services. BHI conducts needs assessments, develops financing strategies, ensures compliance with income and rent restrictions, fosters community partnerships, provide resident services, and focus on long-term affordability. BHI's goal is to address the need for accessible and reasonably priced housing options in the community while creating sustainable and inclusive living environments.

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Affordable & Workforce Housing

BHI's Affordable Housing Team fully embraces the principle that the development of premier affordable housing is only the first phase of what will be a long-term partnership – and operational commitment – with stakeholders and the communities in which we develop properties. The stability and long-term success of the larger community is made possible through the impact of resident programs and community resources. This approach maintains a continuum of quality housing and services at the foundation of community building.

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BHI Construction and Real Estate Development specializes in affordable housing development, addressing the need for accessible and reasonably priced housing options in the community. BHI's affordable housing services include the following:

  1. Needs Assessment: BHI Construction and Real Estate Development conducts a thorough needs assessment to understand the demand for affordable housing in the specific market. BHI analyzes income demographics, housing affordability gaps, and community requirements to determine the optimal mix of affordable housing units.

  2. Financing Strategies: BHI identifies various financing options and incentives available for affordable housing projects. BHI works closely with public agencies, non-profit organizations, and investors to secure funding through tax credits, subsidies, grants, and other financing mechanisms specific to affordable housing development.

  3. Income and Rent Restrictions: BHI Construction and Real Estate Development ensures compliance with income and rent restrictions set by local and federal affordable housing programs. BHI navigates through regulations such as Low-Income Housing Tax Credit (LIHTC) guidelines, Section 8, or other subsidy programs to provide housing options that cater to low- and moderate-income individuals and families.

  4. Community Partnerships: BHI actively engages with local communities, non-profit organizations, and government agencies to foster partnerships and maximize community benefits. BHI collaborates with community stakeholders to understand their needs, incorporates their input into the project design, and ensures the development aligns with community goals.

  5. Resident Services: BHI Construction and Real Estate Development emphasizes the provision of additional resident services to support the well-being of affordable housing residents. These services may include educational programs, financial counseling, health and wellness initiatives, job training, and community engagement activities aimed at enhancing the overall quality of life for residents.

  6. Long-Term Affordability: BHI Construction and Real Estate Development focuses on creating sustainable, long-term affordable housing options. BHI develops strategies to maintain affordability over time, such as long-term partnerships with Federal, State and Local Municipalities that focus on developing and retaining affordable communities.

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Development Consulting & Partnerships

Real estate development services encompass the entire process of transforming land or existing properties into new residential, commercial, or mixed-use projects. BHI Construction and Real Estate Development offers comprehensive real estate development services, which typically include the following:

  1. Feasibility Analysis: BHI conducts feasibility studies to assess the viability of a development project. This analysis involves evaluating factors such as market demand, financial projections, zoning regulations, environmental considerations, and community impact.

  2. Site Acquisition: BHI identifies suitable sites for development and handles the acquisition process. BHI considers factors like location, accessibility, proximity to amenities, and future growth potential to ensure that the selected site aligns with the project objectives.

  3. Planning and Design: BHI collaborates with architects, urban planners, and designers to create a well-conceived development plan. BHI considers factors such as building design, unit layouts, amenities, green spaces, and infrastructure requirements to optimize the functionality, aesthetics, and market appeal of the project.

  4. Permitting and Approvals: BHI manages the complex process of obtaining necessary permits and approvals from local authorities and regulatory bodies. BHI navigates through zoning regulations, building codes, environmental impact assessments, and community review processes to ensure compliance and timely approval.

  5. Financing and Investment: BHI assists in securing financing for the development project. BHI works with financial institutions, investors, and partners to structure the funding, negotiate terms, and manage financial aspects throughout the development process.

  6. Construction and Project Management: BHI oversees the construction phase of the project. BHI manages the bidding process, contractor selection, construction contracts, and on-site construction activities. BHI ensures adherence to quality standards, timelines, and budgets, and handle any issues or challenges that arise during construction.

  7. Marketing and Sales: Once the development project nears completion, BHI assists in marketing and sales efforts. BHI develop effective marketing strategies, collaborate with real estate agents, and engage with potential buyers or tenants to maximize the project's market exposure and achieve sales targets.

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