Our Strategies

Rainier has deep expertise in Low Income Housing Tax Credit (LIHTC) development, having utilized both 4% and 9% credits across a number of projects. We identify opportunities where LIHTC financing can be layered with other public and private capital sources to achieve projects that are financially sound and socially meaningful.

Our LIHTC projects serve households earning 30–80% of Area Median Income (AMI), addressing the most acute affordability gaps in high-demand urban markets.

We specialize in reimagining existing buildings—office, hotel, and institutional assets—unlocking their next chapter while honoring what made them worth saving. Adaptive reuse projects often benefit from Historic Tax Credits (HTC), which can be layered with LIHTC to create compelling capital structures.

This strategy addresses two urgent needs simultaneously: the oversupply of obsolete commercial space and the undersupply of affordable housing. Rainier has the experience and relationships to navigate the complexity these projects require.

Rainier identifies existing multifamily properties and underutilized assets where the introduction of affordability programs, recapitalization, and targeted rehabilitation can preserve or create long-term affordable housing while generating strong risk-adjusted returns.

This strategy is particularly relevant in markets where new construction costs make ground-up development challenging, and where existing affordable housing stock is at risk of market-rate conversion.