For CDC & Capital Partners
A development partner fluent in community capital.
Structuring Experience
We speak the language of community capital.
Low-Income Housing Tax Credits (LIHTC) and layered affordable housing capital
New Markets Tax Credits (NMTC) for community facility and commercial space components
Historic Tax Credits (HTC) where adaptive reuse preserves certified structures
SPV and co-equity structures with 501(c)(3) and mission-aligned partners
HUD/FHA and bridge-to-permanent financing products
Opportunity Zone structuring where the deal and investor profile support it
What a Partnership Looks Like
Clear roles. Shared economics. Real execution.
Land + Execution
The CDC or community partner contributes land or site control. FCS-REG brings acquisition capital, development execution, and the capital stack needed to deliver the project.
Tax Credit Allocation + Structuring
The partner brings a LIHTC, NMTC, or HTC allocation. FCS-REG structures the rest of the capital stack, manages compliance, and runs development from entitlement through stabilization.
Joint SPV / Co-GP
We form a special-purpose vehicle with clearly defined roles, shared equity economics, and a governance framework that respects both the operating partner and the community partner.
Why Partner With FCS-REG
Operating depth, not just capital.
Adaptive reuse specialization: schools, hotels, churches, and institutional buildings converted into workforce and affordable housing
Southeast market focus with existing CDC, housing authority, and municipality relationships
Disciplined underwriting and clear-eyed feasibility analysis before a project is committed
Integrated workforce development component that strengthens community impact and CRA narratives
Start a Conversation
Bringing land, a tax credit allocation, or community capital to the table? Let's explore a fit.
Initial conversations are confidential and non-binding. Share the asset, the capital or allocation, and the timeline, and we will respond with a direct assessment of fit.