IAM1164- Managing Principal Creates Affordable and Workforce Housing
As Managing Principal of Dantes Partners, Mr. Binitie directs the acquisition, development, management, and financial activities of the firm. Mr. Binitie has an extensive tax credit financing experience (LIHTC, NMTC and HTC) and has closed on financing from nearly every public capital source available including HOME, HPTF, NSP, CDBG and NIF. Mr. Binitie maintains a narrow focus on creatively structuring deals that strive to address the need of his clients, community stakeholders as well as various government agency partners. By narrowly focusing on efficiently financing community development transactions, Mr. Binitie has been successful in adding value beyond the numbers. Mr. Binitie’s career is underscored by a commitment to creating and preserving affordable and workforce housing.
To this end, since founding Dantes Partners, Mr. Binitie and his team have closed over $750 million of unconventional real estate transactions that utilize low-income tax credits, new market tax credits, tax-exempt bonds, and various other forms of alternative financing. These efforts have led to the creation of over 2400 units of workforce and affordable housing. Mr. Binitie speaks regularly at industry focused events. Recent engagements include sessions with The Minority Resource, African American Real Estate Professionals, Bisnow, DC Building Industry Association,
Georgetown University, University of Maryland – Colvin Institute of Real Estate Development and the Howard University Real Estate Club. Mr. Binitie is currently the Chairman of the DC Housing Finance Agency Board of Directors. He also serves a Board Member for the DC Building Industry Association, and previously on City First Bank where he is a member of the Audit and Compliance Committee, the Business & Community Development Committee, and the Directors Loan Committee.