Denver, Colorado · Serving developers nationally
Miller Housing Advisors LLC is the financial advisor for multifamily affordable housing developers — for-profit, non-profit, housing authorities and CHDOs — who need a bond and LIHTC structure that holds up from feasibility through closing.
Founded 2005 · Over $1 billion in project transactions financed · Clients in California, Hawaii, Texas, Colorado and nationwide
2005
Founded in Denver, Colorado
$1B+
In project transactions financed
20+ yrs
Advising affordable housing sponsors
National
CA, HI, TX, CO and nationwide syndicators
Who we serve
Miller Housing Advisors LLC advises private for-profit developers, non-profit developers, 501(c)(3)s, housing authorities, and CHDOs. Project types include senior and family housing, rehabilitation, new construction, Section 8, and Section 236 transactions.
Sponsors pursuing 4% tax credit and tax-exempt bond deals who need an advisor to run the capital process.
Mission-driven sponsors needing rigorous underwriting and a partner who protects the schedule.
Public agencies recapitalizing Section 8 and Section 236 portfolios through bond and tax credit structures.
Community housing development organizations layering public sources with private debt and equity.
Services
The firm handles the full arc of a tax-exempt bond and tax credit equity transaction. Engage on one phase or all four — see the transparent fee structure for how scope is priced.
Know whether an affordable housing deal pencils before you spend money pursuing it.
Get the right capital partners competing for your project instead of dictating terms.
Move through documentation and negotiation without losing the schedule.
Reach a clean closing with every document and dollar accounted for.
How we create value
Miller Housing Advisors LLC is distinguished by industry knowledge, responsiveness, simplicity, friendliness, and useful analytics. It is a boutique practice, so the expertise that wins the engagement is the expertise that does the work.
Every engagement is handled by Marnie Klein directly, which is how the firm builds long-term, customized client relationships. Clients reach the person doing the analysis, not a deal desk.
The firm understands the strategic intricacies of affordable housing deals, from tax-exempt bond mechanics to what a syndicator will and will not accept. That knowledge comes from more than $1 billion in financed transactions.
Miller Housing Advisors provides comprehensive analysis and coordinates all of the financing details, then presents them simply. Useful analytics replace guesswork at every decision point.
Engagement and fees
Fees are simple and disclosed up front: a predetermined lump-sum advisory fee sized to project scope, paid primarily at closing. There are no hourly surprises and no success-contingent markups buried in the capital stack.
The advisory fee varies according to project scope and is estimated on an ad-hoc basis. It is typically a predetermined lump-sum fee, due and payable at the closing of the transaction, with some milestone payments.
A non-refundable retainer is collected at engagement. It is fully credited against the financial advisory fee, so it is not an additional cost to the project.
The project developer is responsible for all reasonable out-of-pocket expenses, including travel (airfare, lodging, meals), courier and delivery, and other customary direct out-of-pocket expenditures.
Marnie Klein
Founder & Managing Member
About the founder
Marnie Klein founded Miller Housing Advisors LLC in January 2005 and manages the firm today. She has experience in the financing and execution of over $1 billion in project transactions across the multifamily affordable housing sector.
Before founding the firm, she spent six years as Senior Vice President at CharterMac, where she originated and structured multifamily bond transactions for a diverse national client base. Earlier, she worked in corporate and structured finance at Citibank NA from 1996 to 1999 in the New York and London offices.
She holds a Bachelor's Degree in Business Administration from the University of Michigan (1996). The firm operates from Denver, Colorado and serves developers nationally.
Client experience
"Marnie is a hard worker who is dedicated to her clients. Working with Miller Housing gives me confidence that the work will be done accurately, on time and professionally."
Caleb Roope
Developer, The Pacific Companies
California
"Marnie has been a thought partner of mine for over a decade. Her broad knowledge of financing options is a welcome addition that produces a collaborative relationship focused on production results. Marnie understands the speed by which developments work and has always met her timelines!"
Dixie Lira-Baus
Non-Profit Developer, Eden Housing
California
"Marnie is a truly remarkable financial expert and incredibly focused on the details that matter in the tax credit world. We are extremely honored and humbled each time she can take on one of our projects."
Chris Flaherty
Developer, 3 Leaf Holdings
California & Hawaii
"Marnie has helped structure our deals to be a success starting with the initial financial model all the way through the closing process. She is very organized, knowledgeable and most importantly a team player who puts the needs of her clients to the forefront."
Chris Alley
Non-Profit Developer, Central Valley Coalition of Affordable Housing
California
"Marnie has assisted us in getting our projects to the finish line and we thoroughly enjoy working with her! Mahalo!"
Stanford Carr
Developer, Stanford Carr Development
Hawaii
"She drove the process each time and kept all the parties focused to successful closings. We would recommend her to any of our clients who need someone of her caliber."
Brad Bullock
Tax Credit Equity Syndicator, CREA
Nationwide
"She is good at handling people in times of stress and has the technical proficiency to back up her interpersonal skills. That's what you really need when things are starting to fall apart."
Justin Cooper
Bond Counsel, Orrick
California & Hawaii
"She is creative, positive, resourceful and demonstrates a true customer service orientation in her approach to matching the financing to the project rather than the project to the financing."
Mary Roosevelt
Non-Profit Developer, Thistle
Colorado
"She is one of the most knowledgeable and talented professionals I know in the complex world of affordable housing finance. We would not consider undertaking a bond transaction without Marnie's advice and counsel."
Bill Lee
Developer, Covenant Communities
Texas
Frequently asked questions
Send the project details and Marnie Klein will tell you candidly whether the deal pencils and how to structure it.
Contact
Miller Housing Advisors LLC is based at 311 Jackson St in Denver, Colorado and advises developers nationally. Reach Marnie Klein directly by phone, email, or the project inquiry form.
