Affordable Housing Advisory

Housing That
Works for Everyone.

NXG Real Estate is a specialized real estate firm dedicated to expanding access to affordable, quality housing. We partner with developers, nonprofits, municipalities, and mission-driven investors to deliver lasting community impact.

12,000+
Affordable Units Advised
$2B+
Capital Structured
80+
Communities Served
18+
Years of Experience

Our Commitments

Five Pillars of Every Engagement We Take On

These commitments guide every project, every partnership, and every community we serve.

View Our Commitments

Accessibility

Every strategy we develop centers on lowering barriers to quality housing for low- and moderate-income households.

Feasibility

We combine financial modeling, subsidy structuring, and market analysis to ensure affordable projects pencil out.

Partnership

We build lasting relationships with developers, municipalities, and community organizations to amplify impact at scale.

Accountability

Transparent reporting, measurable outcomes, and clear communication at every stage of every engagement.

Sustainability

We design housing solutions built to serve communities for generations — financially, environmentally, and socially.

What We Do

Full-Spectrum Advisory Services

From site selection through lease-up and beyond, NXG Real Estate provides integrated support across the entire affordable housing development lifecycle.

01

Workforce Housing

Advisory services for households earning 60–120% AMI — the segment most underserved by traditional programs. We structure gap financing and employer partnerships to make workforce housing feasible.

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02

Low-Income Housing Tax Credits

Comprehensive 9% and 4% LIHTC advisory — from application strategy and scoring through investor syndication, partnership agreements, and long-term compliance.

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03

Development Services

End-to-end project guidance from site identification and feasibility through entitlement, financing, construction oversight, and lease-up — single-source accountability throughout.

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04

Advocacy & Outreach

Strategic support for municipalities and mission-driven organizations advancing affordable housing policy, inclusionary zoning, and community benefit agreements that create lasting impact.

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Who We Are

Our Core Values

These principles define how we show up for our clients, our communities, and one another — without exception.

01

Equity

Safe, quality housing is a right — not a privilege. Equity is the lens through which every recommendation is made.

02

Integrity

We deliver honest analysis, transparent advice, and follow through on every commitment we make to clients and communities.

03

Innovation

We seek creative financing structures, policy tools, and development models that unlock what others deem impossible.

04

Collaboration

Lasting solutions emerge from deep, trust-based partnerships — with clients, residents, local governments, and advocates.

05

Impact

We measure success not by transactions closed, but by families housed, communities strengthened, and lives improved.

Exclusively Committed to
Mission-Driven Real Estate

NXG Real Estate works exclusively within affordable and workforce housing — partnering with organizations that believe housing is the foundation for health, education, and economic opportunity in every community we serve.

40%
Avg. AMI Served
94%
Client Retention
32
States Active

Housing Focus Areas

Where We Specialize

NXG Real Estate has deep expertise across four distinct affordable housing typologies, allowing us to meet clients wherever they are in the development landscape.

Workforce Housing
Senior Affordable Housing
Mixed-Income Development
Rural & Tribal Housing
NXG

Ready to Move Your
Affordable Housing Project Forward?

Insights & News

Perspectives from the Field

Market analysis, policy commentary, and updates from NXG's advisory practice across the country.

All Insights
Policy Analysis
Policy

What the 2026 HUD Funding Shifts Mean for Affordable Housing Developers Nationwide

A detailed breakdown of this year's federal budget changes and how development teams should adjust their financing strategies.

May 2026
Market Analysis
Market Analysis

LIHTC Demand Surge: How Rising Costs Are Reshaping Deal Structures in 2026

NXG's Q1 2026 market review examines shifting investor appetite and implications for tax credit transactions.

April 2026
Community
Community

NXG Partners with Three Cities on Inclusionary Zoning Reform Initiatives

New partnerships in Phoenix, Louisville, and Sacramento advance locally-driven affordable housing policy frameworks.

March 2026

Our Advisory Services

NXG Real Estate delivers integrated support across the full affordable housing development lifecycle — from concept through stabilization.

What We Do

Four Core Service Areas

Each service area is led by seasoned practitioners with direct experience delivering affordable housing in complex environments.

01

Workforce Housing

Advisory for the "missing middle" — households earning 60–120% AMI underserved by traditional subsidized and market-rate programs alike. We structure creative gap financing and employer partnerships to make these projects feasible.

Explore Service
02

Low-Income Housing Tax Credits

Comprehensive 9% and 4% LIHTC advisory — application strategy, scoring analysis, investor syndication, partnership agreements, and credit delivery compliance from start to finish.

Explore Service
03

Development Services

End-to-end project guidance — from site identification and feasibility through entitlement, financing, construction oversight, and lease-up. Single-source accountability across the full development lifecycle.

Explore Service
04

Advocacy & Outreach

Strategic support for municipalities and mission-driven organizations advancing affordable housing policy, inclusionary zoning frameworks, community benefit agreements, and resident engagement.

Explore Service

Why NXG Real Estate

We work exclusively in affordable and workforce housing — meaning every tool, relationship, and insight our team has developed is purpose-built for this work. No generalist consultants. No learning curve at your expense.

100%
Affordable Focus
4
Service Areas
18yr
Industry Depth
NXG

Ready to discuss your
next project?

Development Services

End-to-end project guidance — from site identification and feasibility through entitlement, financing, construction oversight, and lease-up — ensuring your development stays on track and on mission.

What's Included

Comprehensive Support at Every Stage

Our development advisory practice assigns a dedicated senior advisor to each engagement — providing continuity, accountability, and institutional knowledge from kickoff through stabilization.

  • Site identification, feasibility analysis, and due diligence review
  • Needs assessment and community demand analysis
  • Entitlement strategy and land use planning support
  • Pro forma development and financial modeling
  • Financing strategy and capital stack optimization
  • Owner's representation during design and construction
  • Lease-up strategy and property management oversight
  • Asset management advisory post-stabilization

Who We Serve

Built for Mission-Driven Developers

Our development advisory engagements are structured for clients who need experienced, senior-level guidance — not junior staffers and boilerplate deliverables.

Nonprofit Developers

Organizations entering new markets or scaling beyond current capacity.

For-Profit Developers

Private developers seeking mission alignment and subsidy expertise.

Community Land Trusts

CLTs expanding portfolios or developing their first ground-lease projects.

Housing Authorities

PHAs pursuing mixed-finance, RAD, or Choice Neighborhoods development.

Faith Organizations

Congregations monetizing underutilized land for community benefit.

Municipalities

Cities and counties developing publicly owned sites or surplus land.

Our Process

How We Work

A structured, milestone-driven process that creates clarity at every phase.

PHASE 01

Discovery & Assessment

We begin every engagement with a rigorous review of your goals, site conditions, market context, and financing landscape to establish a clear project framework.

PHASE 02

Strategy & Structuring

We develop a financing strategy, capital stack, and entitlement roadmap — testing multiple scenarios to identify the optimal path to project feasibility.

PHASE 03

Execution & Delivery

Our team provides hands-on oversight through design, permitting, and construction — coordinating partners, managing timelines, and solving problems in real time.

NXG

Let's assess your
development opportunity.

Low-Income Housing
Tax Credits

Expert navigation of 9% and 4% LIHTC programs, HUD financing, and the full spectrum of affordable housing capital — structured to maximize affordability depth, minimize developer risk, and generate competitive investor returns.

Financing Products

The Full Spectrum of Affordable Capital

Our team has structured financing across every major affordable housing program — giving us the cross-program perspective to identify the optimal capital stack for each project.

Tax Credit

Low Income Housing Tax Credits (LIHTC)

Comprehensive 9% and 4% LIHTC advisory — from application strategy and scoring analysis through investor syndication, partnership agreements, and credit delivery compliance.

Federal

HUD Programs (221(d)(4), 223(f), RAD)

Full-service advisory for HUD-insured financing — including RAD conversions, public housing mixed-finance deals, and FHA mortgage insurance programs for new construction and preservation.

Grant Funding

HOME & CDBG Funds

HOME Investment Partnerships and Community Development Block Grant structuring — navigating federal compliance requirements while maximizing affordability and project feasibility.

Debt

Tax-Exempt Bonds

Private Activity Bond allocation strategy, bond counsel coordination, and Freddie Mac / Fannie Mae bond loan structuring for 4% LIHTC transactions and volume cap optimization.

Gap Capital

Soft Loans & Gap Financing

Identification and structuring of deferred loans, subordinate debt, seller financing, and philanthropic capital to bridge feasibility gaps and preserve deep affordability.

State Programs

State & Local Subsidy Programs

Mapping and coordination of state housing trust funds, local affordable housing funds, density bonus programs, and other jurisdiction-specific resources across all 50 states.

Our Approach

Capital Stack Optimization

We don't pursue a single financing path — we model multiple scenarios to identify the structure that maximizes affordability while preserving financial viability.

STEP 01

Program Mapping

We audit all available federal, state, and local financing resources for your project — building a comprehensive map of eligible programs and their affordability requirements.

STEP 02

Scenario Modeling

We build detailed pro formas for multiple capital stack scenarios — stress-testing assumptions, modeling AMI restrictions, and quantifying trade-offs between depth and feasibility.

STEP 03

Application & Execution

We manage the full financing execution process — drafting applications, coordinating investors and lenders, managing closing timelines, and ensuring compliance post-close.

NXG

Let's structure your
financing strategy.

Advocacy & Outreach

Strategic advisory for municipalities, housing authorities, and nonprofit organizations navigating affordable housing policy, zoning reform, and community-driven development frameworks.

Policy Services

Shaping the Conditions for Affordable Housing

NXG Real Estate's advocacy team works at the intersection of housing finance, land use, and community development — helping clients create the regulatory and political conditions necessary for affordable housing to scale.

  • Affordable Housing Master Plans and Housing Needs Assessments
  • Inclusionary Zoning policy design and implementation
  • Density bonus program development and calibration
  • Community Benefit Agreement structuring and negotiation
  • Housing Trust Fund design and capitalization strategy
  • Anti-displacement policy frameworks and tenant protections
  • Consolidated Plan and Analysis of Impediments support
  • Stakeholder engagement, public process facilitation

Community Engagement

Grounded in the Communities We Serve

Effective housing policy requires authentic community partnership. Our engagement practice is built on facilitation principles that prioritize resident voice, cultural competency, and long-term trust-building.

Needs Assessments

Quantitative and qualitative analysis of community housing needs — including surveys, focus groups, and demographic analysis.

Public Workshops

Facilitated community input sessions designed to surface resident priorities and build consensus around housing solutions.

Stakeholder Mapping

Identification and engagement of key stakeholders — including community organizations, advocates, and local businesses.

Equity Analysis

Assessment of proposed policies through an equity lens — examining disparate impacts and advancing affirmatively furthering fair housing goals.

Coalition Building

Support for building broad-based coalitions that can advocate for and sustain affordable housing policy over time.

Reporting & Documentation

Clear, accessible reporting that translates complex policy analysis into materials accessible to diverse stakeholders.

NXG

Ready to advance your
housing policy agenda?

Workforce Housing

Advisory services for the "missing middle" — households earning 60–120% of Area Median Income who are priced out of the market but earn too much for deeply subsidized programs.

What's Included

Closing the Missing Middle Gap

NXG Real Estate specializes in structuring workforce housing deals where traditional subsidies fall short. We combine creative gap financing, employer partnerships, and density strategies to make these projects financially viable.

  • Gap financing identification and capital stack structuring
  • Employer-assisted housing (EAH) program design and partnership
  • Pro forma development and 60–120% AMI feasibility modeling
  • Density bonus and zoning incentive strategy
  • Local housing trust fund and soft loan applications
  • Mixed-finance structuring combining market and workforce units
  • Investor and lender outreach for workforce-tier financing
  • Long-term affordability covenant structuring

Who We Serve

Built for Communities That Need It Most

Workforce housing clients typically include private developers seeking mission alignment, employers investing in their workforce, and municipalities tackling housing affordability for essential workers.

Private Developers

Developers seeking mission-aligned projects that serve teachers, nurses, and first responders.

Employers & Institutions

Hospitals, universities, and corporations investing in housing stability for their workforce.

Municipalities

Cities and counties addressing workforce shortages driven by housing cost burden.

Nonprofit Developers

Mission-driven organizations expanding into the 80–120% AMI range.

CDFIs & Impact Investors

Capital providers seeking workforce housing deals with risk-adjusted returns.

Housing Authorities

PHAs pursuing mixed-income strategies that include workforce-tier units.

Our Approach

How We Structure Workforce Deals

Workforce housing requires a different toolkit than deeply subsidized affordable housing. We've built deep expertise in the financing instruments and partnerships that make these projects work.

PHASE 01

Feasibility & AMI Analysis

We analyze the local market, income demographics, and available financing to determine the optimal AMI targeting strategy and unit mix for your site and goals.

PHASE 02

Gap Financing Strategy

We map all available gap financing sources — employer funds, housing trust fund resources, soft loans, and density incentives — and model the capital stack needed to achieve feasibility.

PHASE 03

Execution & Structuring

We manage applications, lender negotiations, employer partnership agreements, and affordability covenant structuring through to project close and delivery.

NXG

Let's tackle your
workforce housing challenge.

Our Housing Focus Areas

NXG Real Estate has deep, practitioner-level expertise across four distinct affordable housing typologies — allowing us to bring the right tools, relationships, and insight to each unique project type.

Workforce Housing
Senior Affordable Housing
Mixed-Income Development
Rural & Tribal Housing
NXG

Have a project in
one of these areas?

Insights & Perspectives

Market analysis, policy commentary, deal case studies, and practitioner perspectives from NXG's advisory team across the country.

NXG

Want NXG insights
delivered directly?

Our Partners

NXG's impact is amplified through deep, long-standing partnerships with developers, municipalities, investors, and community organizations across the country.

Partnership Types

Who We Work With

Our partnerships span the full affordable housing ecosystem — from capital to community, from policy to implementation.

Nonprofit Developers

We partner with mission-driven nonprofit developers to provide the financial modeling, subsidy structuring, and owner's representation expertise needed to scale their portfolios. Our team supplements internal capacity at critical project milestones.

Mission-Aligned Investors

We work with CDFIs, banks, family offices, and impact investors to identify, underwrite, and structure investments in affordable housing — delivering competitive risk-adjusted returns alongside measurable community impact.

Municipalities & Housing Authorities

We advise cities, counties, and public housing authorities on affordable housing strategy, surplus land disposition, RAD conversions, and the design of local funding programs and land use policies that unlock private investment.

Community Organizations & Advocates

We collaborate with community development corporations, tenant organizations, faith institutions, and local advocates — ensuring that housing solutions are built with the communities they're intended to serve, not just for them.

Select Partners

Organizations We've Worked With

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How We Engage

Our Partnership Process

Every NXG partnership begins with a clear understanding of your goals, capacity, and constraints — and a honest conversation about how we can add the most value.

STEP 01

Discovery Call

A focused 60-minute conversation to understand your goals, current projects, and where advisory support would have the highest impact.

STEP 02

Scope of Work

We draft a tailored scope of engagement — defining deliverables, milestones, team structure, and fee arrangements transparent from the start.

STEP 03

Team Assignment

You're introduced to the specific NXG senior advisors who will lead your engagement — practitioners with direct expertise in your project type and geography.

STEP 04

Active Engagement

We get to work — with regular check-ins, transparent reporting, and the responsiveness and commitment you'd expect from a true partner.

NXG

Interested in
partnering with NXG?

Work With NXG

Tell us about your project. A senior NXG advisor will respond within one business day.

Get in Touch

Whether you're at the earliest stages of a project or need targeted advisory support mid-stream, we're ready to help. All inquiries are handled directly by our senior advisory team — no intake coordinators, no gatekeepers.

Office
341 Laura Ln.
Lewisville, TX 75067
Email
karsten.lowe@nxgre.com
Phone
(210) 493-8633

What Happens Next

  • A senior NXG advisor reviews your inquiry within one business day
  • We schedule a focused discovery call at your availability
  • Following the call, we provide a tailored scope of work proposal
  • Engagements typically begin within two to three weeks of agreement

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