Devine and Gong

Founded in 1985, DGI has more than one hundred years of collective experience in the affordable housing industry. We specialize in using financial and development tools to finance and structure the development and preservation of affordable housing for low and very low-income households. Since our inception, DGI has been engaged in over 50 projects in the Greater Bay Area representing over 5,500 units of affordable housing.

Underwriting and financial feasibility analysis is core to who we are at DGI. Since our founding, we have underwritten over 200 developments. We have modeled a variety of project types, including most low-income housing subsidy programs overlaid with one another, as well as projects that include permanent supportive housing, commercial, market-rate and moderate-income rental and home ownership. Our extensive modeling experience allows us to evaluate risk, identify underlying vulnerabilities, and translate our findings into clear written recommendations. In addition to providing underwriting analysis, we also review environmental reports, evaluate property management plans, and analyze partnership agreements, audit reports, and operating proformas.