Erik Holland is a Project Manager at Real Estate Development Services (REDS) and Central California Housing Corporation (CCHC). Since joining the company in 2012, he has played a significant contributing role in new construction and rehabilitation projects with responsibilities extending from project feasibility analysis through finance applications, underwriting and loan closing, direct construction monitoring, construction draws, and lease up budget and operating budget monitoring. Erik specializes in complex financial pro formas and analysis and successfully securing secondary affordable project finance through highly competitive programs such as Affordable Housing Program (AHP) through the Federal Home Loan Bank and HOME Funds (Home Investment Partnerships Program). His other key roles include relationship interface with local municipalities, overseeing due diligence activities and executing complex refinance scenarios for existing clients.
In 2015, Erik had a fundamental role in a $36,000,000 buyout of 21 Limited Partnership interests by completing the refinances of six real estate assets with new debt totaling over $69,500,000. Over the past six years, Erik has completed ten refinances, assisted in the construction financing of four Rental Assistance Demonstration (RAD) projects with development costs totaling over $80,000,000, received AHP awards totaling over $3,000,000 for four projects, and managed three LIHTC projects from land acquisition through financing, construction monitoring, lease up and conversion to permanent financing. Most recently, Erik has worked closely with the Paso Robles Housing Authority and the Housing Authority of the County of San Joaquin on two redevelopment projects that received 9% tax credit awards in 2017 and have recently begun construction.
Erik earned a Bachelor of Science degree summa cum laude in Business Administration from the Smittcamp Family Honors College at California State University, Fresno and was the recipient of the MBA award of excellence, earning an MBA with distinction from California State University, Fresno.