Section 42 Property Sales

Affordable Housing Brokerage is your one stop for selling your Section 42 property. Browse our Section 42 property sales below to read about our successes in the marketplace.  If you are ready to sell Section 42 housing, please contact us today and we will be happy to provide you with a no risk, no obligation consultation for your Section 42 property.

Burlington-LIHTC-Vermont Portfolio-Burlington-Saint Albans-Vermont

Burlington Senior Housing: LIHTC Portfolio Sale in Vermont

Affordable Housing Investment Brokerages, Inc. (AHIB) represented the seller of the 191-unit portfolio made up of three properties, Hawk’s Nest, Falcon Manor and Eagle Crest near Burlington, Vermont. Each of the properties serves independent senior tenants and were developed under the Section 42 Low Income Housing Tax Credit program (LIHTC). The offering provided a unique opportunity to enter the Burlington market with economies of scale across three well-maintained properties with sustained excellent operations.   AHIB was able to procure multiple offers [...]

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Creekside Village-Senior LIHTC-Monroe-Michigan

Creekside Village: Independent Senior Property Sale in Michigan

In December 2022, AHIB closed on 77 LIHTC Independent Senior Units in Monroe, Michigan. The fenced in garden community known as Creekside Village was developed with the Low Income Housing Tax Credit (LIHTC) and placed in service in 2004. Creekside Village units provide personal front yards and backyards in a calm neighborhood near medical centers and pharmacies ideally suited for independent senior living. All common areas, units and hallways are senior-friendly, with ample space to accommodate mechanical aids (wheelchairs, walkers, [...]

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Hallmark at Truesdell-Section 42 Property-Lugoff-South Carolina

Hallmark at Truesdell: Section 42 with HOME restrictions in South Carolina

Affordable Housing Investment Brokerage, Inc represented the seller of two South Carolina properties, The Hallmark at Truesdell and The Hallmark at Greenwood.  The properties were marketed and sold as a portfolio to the same buyer. In late November of 2022, AHIB Inc. completed the sale of The Hallmark at Truesdell, a 64-unit tax credit property. The Low Income Housing Tax Credit (LIHTC) apartment community is located 20 minutes north of Columbia, South Carolina in Kershaw County. The property was placed [...]

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Hallmark at Greenwood-LIHTC Property-Greenwood-South Carolina

Hallmark at Greenwood: Section 42 Sale in South Carolina

Affordable Housing Investment Brokerage, Inc. represented the seller of The Hallmark at Greenwood and The Hallmark at Truesdell. The properties were marketed and sold as a portfolio to the same buyer. The Hallmark at Greenwood is a Low Income Housing Tax Credit (LIHTC) apartment community is located in Greenwood, South Carolina. It was placed in service 2009 with initial compliance ending in 2024. The community includes 88 two-bedroom units spread across 12 buildings. The tax credit property had 10 vacant units [...]

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LIHTC SAIL Sale in Palatka, Florida

Affordable Housing Investment Brokerage, Inc recently represented the seller of the Kay Larkin and Grand Pines Apartments in Palatka, Florida. Kay Larkin and Grand Pines were both developed using both Low Income Housing Tax Credit (LIHTC) and State Apartment Incentive Loans (SAIL) from the Florida Housing Financing Corporation (FHFC) and are subject to regulatory agreements for 50 years from their placed-in-service date. Kay Larkin is a 60-unit garden style LIHTC property that was placed in service in 2000. Grand [...]

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Western Michigan LIHTC Portflio

Western Michigan LIHTC Portfolio

AHIB recently closed on a LIHTC portfolio comprised of 35 total units in three different cities within the western half of Michigan. The portfolio is comprised of three separate LIHTC developments that were constructed between 2003 and 2006 with funding from the Low Income Tax Credit program. Ashley Square is 12 units in Kalamazoo, Golden Eagle is 12 units in Benton Harbor, and Countryside is an 11 unit senior property in Ravenna (north of Grand Rapids). Each property [...]

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Tax Credit Sale - Lindens Apartments

Tax Credit Sale Near Oklahoma City

Affordable Housing Investment Brokerage, Inc. represented the seller of the 42-unit Lindens Apartments in Ada, Oklahoma. The tax credit property was placed in service in 2003 and is currently beyond its initial compliance period, with restrictions continuing through 2043. The tax credit sale also included approximately 6.0 acres of unoccupied residential zoned land. The property and adjacent land are located in QCT as well as Opportunity Zone. Lindens Apartments offers large two and three bedroom units and [...]

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Chatham Crossing - 60 LIHTC Units

60 LIHTC Units Near Springfield

Yesterday, October 21, AHIB closed on 60 LIHTC Units near Springfield, Illinois. The two story garden community known as Chatham Crossing was developed with the Low Income Housing Tax Credit (LIHTC). The property was placed in service in 2005, therefore it is currently in the Extended Use Compliance period which continues until 2035. Chatham is a city of just over thirteen thousand people, located in the Springfield MSA, approximately two miles south of the Illinois State Capital. Seventy percent [...]

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Riverwalk senior-120-unit LIHTC-Lyons Illinois

120-unit LIHTC Community Outside Chicago

(June 30, 2021) – Affordable Housing Investment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Riverwalk sold for over list price with multiple offers procured. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer to complete the transaction. Riverwalk is a 120-unit, six-floor complex 15 miles outside Chicago, Illinois. Built in 2003, the community is located in Lyons at the corner of Ogden and Joliet avenues, within close proximity to [...]

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Senior LIHTC Sale

Senior LIHTC Sale in Kansas City

Closing out 2020, AHIB closed on a Senior LIHTC Sale in Kansas City. The Cottages of Belton and Cottages of Kansas City East offer a total of 180 affordable units specifically designated for those 55 and older. Both properties were built and placed-in-service in 1996 using Low Income Housing Tax Credits. Both sites are well-maintained and stabilized with an extensive waitlist. Cottages of Belton and Cottages of Kansas City East are approximately twenty miles from each other and offer [...]

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