We provide specialized consulting and advisory services — LIHTC structuring, USDA 538 loan packaging, CDBG-DR compliance, financial modeling, and project management — exclusively for clients and projects located outside Puerto Rico, across the United States.
Serving U.S. developers, investors & agencies
All consulting and advisory services are exclusively provided to clients and projects located outside Puerto Rico — pending approval of our Act 60 Export Services application.
9:00 AM – 5:00 PM
We bring LIHTC compliance training and current development work to affordable housing developers across the United States — helping clients navigate complex federal programs, structure winning deals, and deliver compliant, high-quality housing.
"Every affordable housing project we advise on is an opportunity to apply what we are learning and building — bringing focused expertise to developers and communities across the United States that need it most."
— 538 Rural Multifamily Apartments, LLCBuilt on LIHTC compliance training and hands-on affordable housing development work, we understand the program from the owner's perspective — not just the consultant's. That difference shows in every deal we advise on.
From USDA 538 loan packaging to CDBG-DR compliance, we navigate the full spectrum of federal affordable housing programs — so you can focus on building, not paperwork.
We represent your interests as developer, investor, or owner in every engagement — ensuring decisions serve your mission and protect your bottom line through every phase of the project.
All consulting and advisory services are exclusively provided to clients and projects located outside Puerto Rico — serving the United States mainland pending approval of our Act 60 Export Services application.
538 Rural Multifamily Apartments LLC is led by Jessie Rivera, a LIHTC professional (HCCP candidate) and Act 60 Export Services applicant with training and hands-on work in affordable housing development, federal program compliance, and deal structuring.
Jessie brings 23 years of federal operations and compliance management from the United States Postal Service — delivering the process rigor and institutional discipline that complex LIHTC transactions demand. Combined with hands-on affordable housing development work, Jessie advises U.S. developers and investors from the owner's perspective, not just the consultant's.
All consulting engagements are delivered exclusively to clients and projects located outside Puerto Rico, pending approval of the firm's Act 60 Export Services application.
Expert affordable housing consulting and project management — grounded in LIHTC compliance training and current development work.
Low-Income Housing Tax Credit structuring, application strategy, compliance advisory, and investor reporting for developers and syndicators.
End-to-end guidance for affordable multifamily development — from site selection and financing through construction and lease-up.
Full application preparation and packaging for USDA Section 538 Guaranteed Rural Rental Housing loans.
Community Development Block Grant — Disaster Recovery compliance guidance, documentation, and program administration support.
Market studies, pro forma development, financing gap analysis, and funding source identification for proposed affordable housing projects.
Detailed financial models covering tax credit equity, debt structuring, operating projections, cash flow analysis, and investor return scenarios.
Ongoing portfolio monitoring, regulatory compliance review, and performance optimization for stabilized affordable housing assets.
Owner's agent services representing developers in negotiations with lenders, tax credit investors, state agencies, and general contractors.
Specialized technical assistance for nonprofit and for-profit housing organizations navigating complex federal and state affordable housing programs.
Full-cycle project management for affordable housing developments from predevelopment through construction completion and lease-up.
On-site and remote owner representation protecting client interests throughout the development and construction process.
Multi-party coordination of architects, engineers, contractors, lenders, and government agencies to keep complex projects on schedule.
Active monitoring and enforcement of regulatory agreements, rent and income restrictions, and tenant eligibility requirements.
Hands-on technical support and implementation assistance for housing organizations executing affordable housing programs across the United States.
We bring an owner's perspective to every engagement — grounded in LIHTC compliance training, 23 years of federal compliance experience, and current affordable housing development work.
We advise from the owner's perspective — grounded in LIHTC compliance training and real development work, not a textbook.
Application preparation support for USDA Section 538 Guaranteed Rural Rental Housing loans — a program many firms don't work with.
From tax credit equity to debt structuring and operating projections — we build the financial models developers need to finance their projects.
LIHTC regulatory agreements, CDBG-DR requirements, USDA covenants — we manage compliance so your investment stays protected.
We sit on your side of the table — representing developer and owner interests against lenders, investors, contractors, and agencies.
All services exclusively for clients and projects outside Puerto Rico — across the United States, pending Act 60 Export Services approval (Approval Pending).
We use industry-leading platforms to deliver precise financial modeling, compliance analysis, and project oversight for every U.S. client engagement.
Planned platform for tracking development budgets, draw schedules, and construction timelines — ensuring our LIHTC and USDA project advisory is grounded in real-time data.
Industry-standard platform for LIHTC compliance analysis, tenant certification review, and regulatory file support — planned for use in our compliance consulting and audit preparation services.
Enterprise AI integration for predictive compliance modeling, financial scenario analysis, and risk scoring — expanding our capacity to deliver institutional-grade consulting at scale across U.S. markets.
All platforms are used exclusively in support of consulting services provided to clients and projects outside Puerto Rico.
In-depth guides on USDA Section 538 financing, LIHTC deal structuring, and federal compliance for affordable housing developers.
Everything developers need to know about packaging a USDA Section 538 Guaranteed Rural Rental Housing loan from eligibility through closing.
Read article → LIHTCA practical breakdown of how LIHTC deals are structured — tax credit equity, permanent debt, soft sources, and how to close the financing gap.
Read article → CDBG-DRDocumentation requirements, income targeting, duplication of benefits, and audit preparation for disaster recovery funded affordable housing projects.
Read article →Ready to discuss your project or partner with us? We'd love to hear from you.
(786) 705-6278
Monday – Friday, 9:00 AM – 5:00 PM
Mailing address in Guaynabo, Puerto Rico · Serving clients on the U.S. mainland
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