The Summit Group, based in Mountlake Terrace, WA, is a Washington limited liability company specializing in creating, preserving, and maintaining affordable housing. With a focus on meeting the needs of rural America, Summit raises equity funds for properties providing Section 42 Federal Low-Income Housing Tax Credits, primarily through the Rural Housing Service of the U.S. Department of Agriculture. With over 12,000 units and $1.170 billion in aggregate development costs, Summit has a proven track record of success in the affordable housing industry.
Summit's business philosophy centers around creating long-term business relationships and ensuring the prosperity of its investors and developers. With a flexible approach to meeting the challenges and opportunities of the industry, Summit syndicates properties financed with various government assistance programs and focuses on selected areas of the country, particularly the upper Midwest, Midwest, and Northwest regions. By structuring its transactions to address program requirements and maintaining accountability to its investors and developers, Summit strives to provide high returns with minimal risk and timely communications to keep stakeholders informed.
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