On September 1st, AHIB closed on an elderly RAD II HAP sale 60 miles from Chicago. The Eastcourt Village apartments in Kankakee, Illinois, have 133 units designated for elderly tenants, with a Project-Based Section 8 Contract (HAP contract) covering 90% of the property. AHIB worked with the seller over a period of several years, helping to convert the original Rent Supplement contract through a RAD II conversion to the Section 8 program. Legal counsel from Nixon Peabody prepared the [...]
Affordable Housing Brokerage is your one stop for selling your HAP Contract property. Browse our HAP Contract property sales below to read about our successes in the marketplace. If you are ready to sell HAP Contract housing, please contact us today and we will be happy to provide you with a no risk, no obligation consultation for your HAP Contract property.