December 2015 - Affordable Housing Investment Brokerage

Tampa-Heights-Section-8-Property-Tampa-Florida

100% Project-Based Section 8 (HAP Contract) Property in Tampa, Florida

On December 22nd, AHIB completed the sale of a 36 unit HAP Contract property in Tampa, Florida. The deal, consisting of 100% project-based Section 8 units, was completed start to finish in just under seven months for over $56K a unit. A local owner enlisted AHIB after marketing the property himself. While he had procured at least one decent offer, he saw value in a broader effort to bring competition to his engaged buyer and see other options. AHIB’s efforts strengthened [...]

900 Units in Gary, Indiana

In November, 2015, AHIB closed on the sale of two properties totaling nearly 900 units in Gary, Indiana. The properties each had partial project-based Section 8 contracts (about 20% of the units were covered) and had been previously been financed with HUD 236 loans, which had recently matured. Concord Commons and Woodlake were sold to Merchants Affordable Housing Corporation, a non-profit started by the owner of Indianapolis’ PR Mortgage, with acquisition and rehab funding coming from tax exempt bonds [...]

Heritage Apartments: 8.45M HAP Sale in Georgia

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Heritage Apartments, a HAP offering... read more

17 Aug

Maple Park Apartments: Senior HAP Sale in Iowa

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Maple Park Apartments, a HAP... read more

Our Lady of the Lake-Senior PRAC and 202 HAP-Baton Rouge-LA-262units

21 Apr

262-Unit Senior PRAC and 202 HAP Sale: $17.82 Portfolio in Baton Rouge

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Lady of the Lake senior... read more

To be a successful affordable housing real estate broker you have to be knowledgeable in the industry and know the housing programs. Because AHIB speaks our language, they match us up with buyers that meet our sales price expectations and get us to the closing table. AHIB breaks down complicated HUD/LIHTC transactions to their simplest form. Because of their expertise and valuing relationships, we look forward to working with AHIB to serve our future brokerage needs. .

David ProutPresident - Chesapeake Community Advisors, Inc.

When one of our owners needed to sell an existing low income housing tax credit property in a tough market, with existing tax credits as part of the deal, I immediately knew AHIB and Kyle Shoemaker were the right team for the job. AHIB was very sensitive to the concerns we had for our onsite employees while maximizing our owner’s best interest. Multiple offers at our target price were procured within a few weeks, including buyers who paid full value for the remaining LIHTCs.

Timothy ShaferPresident - HI Management

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Your Trusted Section 8 and Section 42 Broker

29 Sep