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Developer portfolio
Durham and Durham County, NC. One portfolio of placed LIHTC partnerships, an active sample construction-to-permanent conversion, and Year 15 stock — GP and LP named insureds on each deal.
Insured TIV How calculated Sum of TIV on every location in this scope — dwellings and support sites. Matches the 2026 premium-year TIV. Program TIVs are the same dollars allocated by placement, not a second total. Board Report uses this same number.How calculated
$91.9M
6 locations · same number as Board Report
Locations How calculated 6 sites on the book.How calculated
6
6 developments
In-force premium How calculated Premium on lines with status bound, master, or project. Quoted and gap premiums are excluded.How calculated
$369,000
Bound / master / project only
Indicated premium How calculated Premium recorded on quote or gap lines. It is not in-force and would not pay. Shown so the board can see the ask next to what is already bound.How calculated
$98,000
Quote and gap lines — not in force
Today
6 locations · $91.9M insured TIV
6 developments. In-force $369,000; indicated $98,000.
Closing in 40 days · 3 items overdue · 6 due within 14 days · 2 critical dependency.
11 of 13 required renewal tasks/exhibits are on the book.
What matters
Closing in 40 days · 3 items overdue · 6 due within 14 days · 2 critical dependency.
One flood-structure issue: determination, indicated NFIP, whether excess flood is structured, and closing evidence.
$98,000 is on the quote line. It is not in the in-force composite.
$63,000 incurred still open on this book.
What next
Closing in 40 days · 3 items overdue · 6 due within 14 days · 2 critical dependency.
One flood-structure issue: determination, indicated NFIP, whether excess flood is structured, and closing evidence.
$98,000 is on the quote line. It is not in the in-force composite.
How the book stays current
Operating mode: Broker Assisted (default). Illustrative share of insurance records supplied — percentages vary.
System admin / exception / normalization — not originating coverage or placement.
Broker participation makes PRH easier; it is never required.
The broker can help maintain the book without owning the book.
Items the book already records — not a recommendation, and not a determination.
Millwork Lofts closing in 40 days
Closing in 40 days · 3 items overdue · 6 due within 14 days · 2 critical dependency.
Conversion Hub target
Millwork Lofts — Flood structure unresolved
One flood-structure issue: determination, indicated NFIP, whether excess flood is structured, and closing evidence.
Conversion Hub flood exhibit
Property — permanent (quoted) is indicated, not in force
$98,000 is on the quote line. It is not in the in-force composite.
Coverage schedule
$63,000 incurred still open on this book.
Loss run
Sprinkler status: Unsprinklered
2 dwellings recorded as unsprinklered. The fact is on the schedule — it is a signal, not missing data.
SOV / building schedule
Large CAT / named-storm deductible on the program
Millwork Lofts builder’s risk: named storm 5%; wind 5% named storm · Ash Court LP project: named storm 2%; wind 2% named storm · Elm Senior LP project: named storm 2%; wind 2% named storm · River Park Family project: named storm 2%; wind 2% named storm · Cottonwood Housing LP project: named storm 2%; wind 2% named storm
Program schedule
Units and TIV by placement — in conversion, placed LIHTC / operating, and Year 15.
Residential units by use.
Every program on the portfolio.
Live conversion
9% LIHTC · construction-to-perm
$28.4M TIV · conversion 10/20
4% LIHTC · placed 2021 · 72 units · $18.1M
9% LIHTC · senior / PBRA · placed 2019 · 80 units · $16.6M
Mixed-finance 4% · placed 2018 · 64 units · $14.2M
9% placed 2009 · Year 15 recapitalization queued · 60 units · $9.8M
CDC scattered · 9% / HOME · placed 2016 · 24 units · $4.8M
Developments with an AE determination on this book.
Claims by conversion status, plus the premium history that followed the exposure.
In conversion
$22,000
Placed LIHTC / operating
$251,000
Incurred
$273,000
2026 premium history How calculated 2026 premium history $369,000 = $369,000 in force + $0 indicated NFIP. This is not a second in-force total.How calculated
$369,000
$369,000 in force
Nonprofit developer / CDC. Six LIHTC partnerships. Millwork Lofts is the live 9% construction-to-perm close. Placed 4% and 9% stock sits on project programs in the name of each LP.
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