
IRVINE, CALIFORNIA - We, at Global Premier Development, Inc. (GPD),
believe that the American Dream of homeownership is a significant
stride on the economic ladder of success. However, many families
throughout the Nation and particularly, California find homeownership
an impossible reality. GPD and its Joint Venture
Partners (JVP's) are dedicated to providing housing that can assist
families in making the American Dream come true. GPD
and its JVP's specialize in the development of Low Income Housing,
under Section 42 of the Internal Revenue Code, Tax Exempt Bond
financing. The participation of and endorsement by cities and counties
allow us to provide lower than market rents to qualified tenants. By
providing very affordable rents, residents are able to save their
resources for a down payment on a home or to get a better education to
improve their economic situation. Affordable housing communities often
serve larger social needs as well, helping to stabilize and
reinvigorate neighborhoods in decline, or creating "infill" housing
opportunities in redevelopment areas. GPD and its
JVP's strive to deliver an attractive product that is distinguishable
from market-rate apartment complexes in the surrounding community.
GPD
is owned and operated by Andrew Hanna. At the end of the 21st century
(1998), Andrew Hanna entered the real estate development industry,
sculpting a new outlook on development. In 2004 GPD
was incorporated, thus continuing the remarkable success of Andrew
Hanna. Andrew Hanna was an instrumental player in planning and
developing almost 1,500 low income housing units throughout the state,
and continues to pursue additional opportunities in markets in
California, with project values amounting to nearly $185 million in tax
credits (See attached tax credit projects). Andrew Hanna and GPD's
management team have a combination of over 30 years of experience in
the real estate development industry, and have collectively, planned
and developed over 3,400 low income and market rate units with values
worth over $397,900,000 (See attached market rate projects).
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