Section 8 Property Sales

Affordable Housing Brokerage is your one stop for selling your Section 8 property. Browse our Section 8 property sales below to read about our successes in the marketplace.  If you are ready to sell Section 8 housing, please contact us today and we will be happy to provide you with a no risk, no obligation consultation for your Section 8 property.

Partial HAP Contract Sale -Watterson-Lakeview-Section-8-HUD-236-Property-Louisville-Kentucky

Partial HAP Contract Sale with HUD 236 in Louisville, Kentucky

In April, 2016, AHIB closed on the partial HAP Contract sale of the Watterson Lakeview Apartments. The partial HAP Contract sale was 20% covered by the project-based Section 8 program. The deal also had a HUD 236 loan and is located in Louisville, Kentucky. The deal was completed as a co-listing with Cushman Wakefield of Cincinnati, who invited AHIB as a partner due to our affordable housing marketing expertise. After a short marketing period, eight offers were procured, including [...]

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six property Project-Based Section 8 sale

Six Property Project-Based Section 8 Sale Completed by AHIB

On March 31st, Affordable Housing Investment Brokerage, Inc. (AHIB) completed a six property Project-Based Section 8 sale.  The properties totaled 289 units and were spread across south-central Indiana, located in the cities of Franklin, French Lick, Paoli, Mitchell, Orleans, and Linton. 100% of the units were covered by a HAP Contract. AHIB represented a family business in the sale after the death of the original developer.  The family originally solicited a pricing proposal from an active multi-family broker with a [...]

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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 [...]

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900 Units in Gary Indiana - Concord-Commons-Section-8-HAP-Contract-Gary-Indiana

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 [...]

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Woodbridge-Section-8-HAP-Contract-Section-42-LIHTC-Kansas-City-Missouri

Kansas City HAP LIHTC

On November 19th 2015, AHIB closed on the sale of Kansas City HAP LIHTC apartments. The Woodbridge Apartments, a 118 unit property, with 67% project-based Section 8 coverage and all units still under LIHTC compliance from a renovation fifteen years prior. The purchaser of the Kansas City HAP LIHTC was a Maryland-based LIHTC developer with extensive experience in Missouri, who closed the deal in x months with bridge debt form a bank relationship. The buyer has submitted applications for a new [...]

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Indian-Trails-Rent-Supp-RAD-LIHTC-Conversion-Malone-New-York

New York RAD Portfolio

The second piece of a two property New York RAD Portfolio, with rent supplement contract and HUD 236 mortgage was successfully closed last week. The two properties, Cedars of Chili and Indian Trails, were successfully sold to Winn Companies, from Boston, Massachusetts, who are completing tax credit renovations of each. The Cedars of Chili deal was financed with tax exempt bonds and 4% low income housing tax credits (LIHTCs), and Indian Trails was financed with 9% LIHTCs. The buyer [...]

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Woodland-East-Section-8-Partial-HAP-Contract-Michigan-City-Indiana

Family Business Selling HAP and Mark to Market in Northwest Indiana

This spring, AHIB worked with a family business selling HAP properties to successfully close on the sale of a portfolio of project-based Section 8 properties totaling nearly 500 units. The portfolio included a senior, mark to market deal with full Section 8 coverage in Hammond, and two family properties that formerly operated with HUD 236 loans and currently had partial Section 8 coverage in Michigan City. The properties were sold to two different buyers after a twenty two day [...]

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Mayfield Gardens - Mayfield, Kentucky

Partial Project-Based Section 8 (HAP Contract) Sale in Kentucky

AHIB recently closed on the sale of a Partial Project-Based Section 8 (HAP Contract) Sale in Kentucky. Mayfeild Gardens is a 72 units family project in the city of Mayfield, Kentucky. Fourteen of the property’s units were covered by project-based Section 8 HAP contract.

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