What is Alpha Deal?
The agentic underwriting firm for subsidized and incentive-financed development. We pair autonomous AI agents with domain experts to run the whole pre-application funnel — site to submittable deal — in days, not weeks.
The agentic underwriting firm for subsidized development
AI for the built world’s
hardest money.
The agentic engine that runs the whole pre-application funnel — from a site to a submittable deal. Maximizes the density yield your incentives allow, then structures the subsidy capital stack that finances it. Institutional-grade, auditable, delivered in days.
In plain terms
A firm, an engine, and a funnel.
What does it do?
Takes a site through the full LIHTC funnel: screening, zoning, density-yield maximization, program design, credit-path selection, capital stack, go / no-go. Every unit and every dollar traced to a program, a rule, and a source.
Who uses it?
Affordable and mixed-income developers, housing investors and syndicators, CDFIs, and public agencies — the teams doing incentive-financed development, where the yield-and-financing maze kills most deals before they start.
How is it priced?
Free request, paid delivery. Requesting a deal costs nothing — you upload the site, we run the funnel. You pay when the deliverable is ready. Plans are an allowance of analyses per month — you buy outcomes, not seats, not tool access.
What we do
The whole pre-application funnel — from a site to a submittable deal.
Two computations decide every affordable deal: the maximum density yield your incentives allow, and the subsidy capital stack that finances it. Everything upstream and downstream feeds those two numbers. That’s the funnel we run.
Site ScreeningZoning ResearchDensity-Yield MaximizationDensity-Bonus StackingSB 79 / AB 2011Unit Mix & AMICredit-Path SelectionCapital Stack StructuringSubsidy & Tax-Credit StackingTCAC / CDLAC ScoringGap Financing
01
Screen the site
Fatal-flaw check on covenants, use, and program eligibility before we spend another dollar of diligence.
02
Research the zoning
ZIMAS, base entitlement, redevelopment areas, special districts, existing rights.
03
Maximize the density yield
Density bonus + SB 79 + AB 2011 + local incentives, stacked — the maximum affordable units the site can hold.
04
Design the program
Unit mix, bedroom distribution, AMI targeting — validated against TCAC and tuned to the credit path.
05
Structure the capital stack
9% vs 4%, tax-credit stacking, gap financing, TCAC / CDLAC scoring, sources & uses.
06
The decision
A fully-entitled, fully-financed go / no-go — scored, documented, submittable.
How it works
Works the way you already do.
01
Bring us a deal
Send a site and its documents through the tools and data rooms you already use. Free to start — you pay when the deliverable is ready.
02
We run the funnel
Domain experts direct the agents and validate every output. You watch it move through states; we do the work.
03
You receive the deliverable
A structured capital plan in days — every unit and every dollar traced to a program, a rule, and a source.
By the numbers
The bar.
0%
cost reduction vs. the manual process
0×
faster to a financed decision
0
patents awarded (8 filed)
0%
auditable — traced to source
Financing structures
We go deep across financing structures — not wide across asset classes.
Horizontal platforms add asset classes. We add financing rulebooks — where the moat is codified law and comps, on public data.
- LIHTC — affordable housingLIVE
- NMTC / Historic Tax CreditsNEXT
- C-PACE & green financing
- Incentive-heavy project finance
- Public-private / gap financing
Why institutions build with us
Depth on the two numbers that decide the deal.
Depth, not breadth
We own the two computations neighbors skip — the maximum density yield (not just compliance) and the subsidy capital stack (not just an IC memo).
Auditable to the dollar and to the unit
Trace every unit and every dollar back to a program, a rule, and a primary source. No black boxes.
We meet you where you work
Connects to your email, data rooms, and internal systems — augment, don’t rip-and-replace.
Built on public, codifiable data
Our moat compounds on the data we can own and structure — a strength, not a dependency.
FAQ