Why Salus Development?
We are uniquely skilled at recapitalizing properties to maximize property value and deliver superior service to tenants, thus improving the surrounding community. We are oriented toward creating energy efficient, modernized, affordable housing.
The Salus team is made up of experts in housing finance and re-development, urban planning, and legal structuring.
We have deep understanding of FHA, Fannie Mae and Freddie Mac rules and regulations; tax credit rules, regulations and compliance; and HUD rules and requirements.
Working with Salus allows you to match the appropriate funding to your project. We are specialists at funding strategy, finding and obtaining funding, and developing and implementing creative solutions.
Relationships with multiple focused lenders allow us to organize deal structures for any affordable or mixed income housing project.
Properties
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Reviews of our work
Customer Testimonials
“Bellwether Enterprise has successfully worked with Salus on multiple HUD Section 8 assisted and insured projects since Salus was founded. These projects include a smaller senior designation project utilizing a Fannie Mae acquisition loan and a 221(d)(4) construction loan utilizing 4% LIHTC. We also provided a rehabilitation loan for a 100% Section 8 Family complex. This project utilized a 223(f) immediate execution loan alongside 4% LIHTC. Both these projects closed on time and have completed or are on budget with little displacement or interruption to the existing tenant population. Salus provides an extraordinarily collaborative team and brings a very creative and focused energy to the projects they work on. I highly recommend them for complex affordable redevelopment projects where a true partnership is needed to establish the project goals and vision, and ultimately to execute on that vision and deliver it to completion.
J. Ross Halloran
Senior V.P. Bellwether Enterprise
I can state that my experience with Section 202 projects, and other affordable housing programs supported by HUD, now exceeds 20 years, and that I have been involved with hundreds of 202 development and redevelopment projects throughout the country.
I have worked with Salus Development on a number of affordable housing projects involving Section 202 and associated HAP and PRAC funding, as well as low incoming housing tax credits, both in Ohio and in Pennsylvania. I have been consistently impressed with their understanding of all aspects of affordable housing development, including budgeting, financing, construction and HUD regulations. They have demonstrated creativity and flexibility in each of the projects on which we have worked together. I enthusiastically recommend them for your project.
I have worked with Salus Development on a number of affordable housing projects involving Section 202 and associated HAP and PRAC funding, as well as low incoming housing tax credits, both in Ohio and in Pennsylvania. I have been consistently impressed with their understanding of all aspects of affordable housing development, including budgeting, financing, construction and HUD regulations. They have demonstrated creativity and flexibility in each of the projects on which we have worked together. I enthusiastically recommend them for your project.
Scott Fireison
Pepper Hamilton LLP
We have closed a number of tax-exempt bond issues for Salus Development over the years.
They are professional, knowledgeable and creative in the affordable housing space. They are an excellent development partner.
Our firm generally works with Salus on the tax-exempt bond structure and sales on their affordable multifamily housing projects. We have 40 years of experience in this area on the investment banking side of the transactions.
Our firm generally works with Salus on the tax-exempt bond structure and sales on their affordable multifamily housing projects. We have 40 years of experience in this area on the investment banking side of the transactions.
Michael R. Sturges
President - The Sturges Company
OCCH has enjoyed a partnership with the members of the Salus Development team.
We feel strongly that they possess the skills and experience necessary to efficiently
and effectively execute the rehabilitation of our properties. Their strong local relationships
also bolster their ability to work within our community.
We strongly endorse Salus Development, having the utmost confidence in their team and look forward to our collaborative partnership with Ohio Capital Coporation for Housing.
We strongly endorse Salus Development, having the utmost confidence in their team and look forward to our collaborative partnership with Ohio Capital Coporation for Housing.
Nick Balow
Former Development Officer - OCCH
We have worked with Salus Development on the refinancing and rehabilitation of a number of affordable housing projects. Salus and it’s principles have significant experience in dealing low-income housing tax credits, HUD financing, and subsidized elder housing.
In each of the projects that we have worked with Salus Development they have brought their broad-based experience and creativity to the project and have worked to efficiently and smoothly resolve the issues that inevitably develop in any complex affordable housing finance structure. We wholeheartedly endorse Salus Development as a partner for your project.
In each of the projects that we have worked with Salus Development they have brought their broad-based experience and creativity to the project and have worked to efficiently and smoothly resolve the issues that inevitably develop in any complex affordable housing finance structure. We wholeheartedly endorse Salus Development as a partner for your project.
Paul Singerman
Partner - Singerman, Mills, Desberg, & Kauntz
At Mistick Construction, we take immense pride in our craftsmanship and unwavering commitment to quality. Today, we would like to express our gratitude and admiration for our partnership with Salus Development, as we have had the privilege of working hand in hand with them to create quality affordable housing.
During our multiple collaborations with Salus Development, it has been evident that we shared a mutual dedication to excellence and a shared goal of delivering projects that not only met, but exceeded expectations. Their team's professionalism and clear communication made the entire process an absolute pleasure from start to finish.
During our multiple collaborations with Salus Development, it has been evident that we shared a mutual dedication to excellence and a shared goal of delivering projects that not only met, but exceeded expectations. Their team's professionalism and clear communication made the entire process an absolute pleasure from start to finish.
Leo Makosky
VP Business Development - Mistick
Contact Us
Get In Touch
We are here to help you with any questions you have and will respond within 24 hours.
Salus Development
65 Erieview Plaza,
Suite 620
Cleveland, OH 44114
Phone: 216-770-3605
info@salusdev.com
Cleveland, OH 44114
Phone: 216-770-3605
info@salusdev.com