MBS is a leader in the development of mixed-income communities across the country. Over the past fifteen years the vast majority of our developments have included housing for every income bracket. Our 24 HOPE VI communities (including 52 phases) are recent examples of successful mixed-income development. Projects such as Quality Hill in Kansas City, Crawford Square in Pittsburgh, and Centennial Place in Atlanta show the lasting positive impact of the quality, innovation, and long-term commitment that are trademarks of an MBS mixed-income development.

An innovative mixed-income development can spark the re-emergence of a healthy housing market, and increase the availability and variety in affordable and market-rate units. We recognize that developing “affordable” housing means creating opportunities for teachers, civil servants, police officers, firefighters, medical center employees, and other working families. Mixed-income communities open the door to quality rental and home ownership units for these households, as well as for public housing-eligible families and those who can afford market rate pricing.

To be successful in this field requires vision, creativity, and partnership – and an ability to speak the intricate language of finance. Our financing techniques incorporate a variety of funding structures involving state and federal programs, tax-exempt financing, insured conventional loans, pension funds, foundation junior loans and grants, and equity from the private sector.

During the development process, we create relationships with community and resident groups, local government, the private sector, community-based organizations, and foundations. The hallmark of an MBS project is a broad based public-private partnership.