Roy Lowenstein, Principal of Lowenstein Development, LLC, is well versed in the varieties of tax credit projects developers are interested in based on his consulting experience and then as a developer over the past decade at Homeport, Buckeye Community Hope Foundation and The Woda Group, Inc. While his primary work at Woda was with projects already in the pipeline (resolving design, engineering and regulatory approvals), Roy served as primary developer while at Buckeye developing the project concept, preparing financial spreadsheets and tax credit and loan applications, arranging bank financing, working with architects, engineers, public officials, attorneys and others to move the project to closing and then serving as owner’s representative during construction and cost certification.   

We have selected examples of this experience:


Harrodsburg Place, Harrodsburg, KY: 32 units, senior, new construction.

Local general contractor, civil engineer and surveyor

Overcame topographic obstacles to site accessibility as well as sinkholes and the fringe of a wetland



Monroe Manor, Woodsfield, OH: 40 units, senior, rehab of USDA 515 property

Complete makeover of the exterior appearance

Solved serious relocation problems, including over-income tenants

New walkways enable every tenant to have an accessible route to get into town

Won Ohio Capital Corporation recognition at 2015 Partner’s Luncheon


Bedford Place, Dresden, OH: 35 single-family homes, new construction

A victory for Fair Housing, overcoming longstanding opposition in the local community

Incorporated annexation of township land into the Village and a TIF to finance ½ mile sewer line extension  

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Taylorsville Place, Taylorsville, KY: 24 units, family new construction.

Local general contractor, civil engineer and surveyor

Overcame strong NIMBY concerns

Provided mix of flats and townhouses with garages to meet diverse needs in small town—nicest rental property in the county