360-Unit LIHTC Property Sale near Atlanta, GA

In February 2018, Affordable Housing Investment Brokerage, Inc. (“AHIB”) closed on the sale of The Park at Hairston, a 360 Unit LIHTC property in Stone Mountain, Georgia.  Stone Mountain is a near suburb of Atlanta located about 20 miles northeast of Downtown Atlanta. The property was originally built as a market rate property in the late 1980’s.  In 2006/2007 the property was went through a full rehabilitation financed by equity generated from an allocation of 4% LIHTC’s and Georgia state [...]

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Low income housing – LIHTC post-rehab real estate tax assessments

The low income housing industry has many current challenges including uncertainty with corporate tax reform affecting low income housing tax credit equity pricing, increasing competitiveness for soft loans and rising labor & material costs.  Another more subtle challenge relates to real estate tax assessments for low income housing properties renovated with LIHTC’s. Many real estate investors and professionals expect a local real estate tax assessor to revisit a property’s market or assessed value post-sale, especially if the property’s sale price [...]

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AHF LIVE: Trump’s Impact on Project-based Section 8 (HAP) and Low Income Housing Tax Credit (LIHTC) Sales

With the 2016 Presidential Election in the rearview mirror, it is time to look forward to how the Trump Administration will affect the Section 8 (HAP) and Low Income Housing Tax Credit (LIHTC) programs.  This was the primary focus of the AFH Live 2016 conference in Chicago with many industry leaders sharing their insights and perspectives on the topic. We know with certainty that Donald J. Trump will be our next President.  There is uncertainty to his agenda and views [...]

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