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Tom Caldwell | Colliers | Lansing

Tom Caldwell

M. Bus

Development Incentives Specialist

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Professional Summary

I provide development consulting services to various clients in the area of affordable housing and community devel­opment throughout Michigan. In this capacity I work with clients to secure financing using Housing Tax Credits, Historic Tax Credits, Tax-Exempt Bond financing, various federal financing programs, Federal Home Loan Bank sources, and various state programs. As a consultant I work with the various mem­bers of the development team to bring the development to fruition including negotiations with equity investors, lenders, and state and local officials.


As an Underwriter at a regional Housing Tax Credit investor for 7 years, I underwrote the investment of $200 million of equity in a wide range of affordable housing developments including the redevelopment of public housing developments, new construction, rural housing, special needs housing, and acquisition and rehabilitation of Section 8 properties all over the Midwest. As a Senior Analyst I reviewed potential investments for the Fund, annually reviewing over $100 million of equity investment, and provided technical expertise to both internal and external stakeholders. I also spent four years as a development consultant in Pennsylvania and successfully secured several reservations of Housing Tax Credits for a variety of clients. I also authored numerous successful applications for Federal Home Loan Bank financing for affordable housing and closed several housing developments using HUD financing and tax-exempt bonds. Further, I prepared several housing feasibility studies for various clients.




Development Consulting

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Capital Markets

Property Type



Economic Incentives

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