Subsidized Housing Property Sales

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

HUD 202 Restricted Sale - ICARE - Section 8 - HAP Contract - Westmont Illinois

HUD 202 Restricted Sale of a HAP Property in Suburban Chicago

On October 1st, AHIB completed the HUD 202 Restricted Sale of a HAP Property in Suburban Chicago.  The building, known as ICARE (Illinois Chinese American Residence for the Elderly), is located in Westmont, Illinois, and is comprised of 60 units of which 59 are covered by a project-based Section 8 contract.  Though the property had previously been refinanced, there is still a HUD 202 Use Agreement in place, restricting ownership to a non-profit organization and limiting allowable distributions. The property’s non-profit [...]

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Oregon Senior Section 8 Sale - Roseburg - Oregon - HAP Contract

Oregon Senior Section 8 Sale

On September 14th, AHIB completed an Oregon senior Section 8 sale.  The property, Rose Senior Apartments, has 40 units covered by a HAP contract and a commercial space.  The building is a historic mid-rise in downtown Roseburg. After multiple bids were procured by regional buyers in an effort to complete the Oregon senior Section 8 sale, the owner opted to sell to a local non-profit.  As an entrepreneur involved in other businesses in the community, it was critical to the [...]

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Eastbrook Apartments - Exception Rent HAP Contract - Section 8 - HAP - Cushing - Oklahoma

Oklahoma Exception Rent HAP Contract Sale

On May 15th, 2018, Affordable Housing Investment Brokerage completed the sale of a 30-unit Exception Rent HAP contract property in Cushing, Oklahoma. Cushing is an hour drive northwest of Oklahoma City and is home to the nations largest commercial oil hub. Multiple offers from an assortment of local, regional, and national buyers were procured.  The purchaser, a real estate investment firm based out of California, used Fannie Mae debt to acquire the property.  The transaction closed in just over four months including required HUD [...]

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Windsong Apartments - Section 8 - HAP - Mark-to-Market

Oklahoma Mark-to-Market HAP Property Sold to National LIHTC Developer

On December 29, 2017, AHIB closed on the $8,200,000 sale of 202 unit Mark-to-Market Project-Based Section 8 property.  Windsong Apartments, located at 3131 S Mingo Rd in Tulsa, Oklahoma, is approximately ten miles east of downtown.  The property was purchased by a California-based national affordable housing investor from the Denver based Windsong Housing Associates. Windsong Apartments went through Mark-to-Market debt restructuring in 2003 and is subject to cash flow and rent restrictions for the remainder of its 30-year Mark-to-Market Use Agreement.  [...]

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Green Farms Townhouses - Limited Distribution HAP Contract Sale - Section 8 - Belvidere - Illinois

Limited Distribution HAP Contract Sale

On March 15, 2018, Affordable Housing Investment Brokerage, Inc. closed on a limited distribution HAP contract sale known as the Green Farms Townhouses.  All 50 units in the development are covered by a HAP contract administered by the Illinois Housing Development (IHDA).  Furthermore, the property is encumbered by a limitation on distributions, further complicating an investor’s ability to make the deal work.  Through AHIB’s network of qualified investors and developers, a competitive market was quickly made, resulting in several [...]

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Kansas City Missouri MSA HAP Property Sale -Little Village-Buckner-MO-Section 8-HAP Contract

Kansas City Missouri MSA HAP Property Sale

On November 21st, 2017 Affordable Housing Investment Brokerage, Inc. (AHIB) completed a Kansas City Missouri MSA HAP property sale. The 42-unit apartment community, Little Village, is located approximately 25 miles from Kansas City, Missouri, just east of Independence. Little Village is covered 100% by a Project-Based Section 8 (HAP Contract) and is located in Buckner, Missouri.  The property is made up of one, two and three bedroom floor plans. Of the 42 total units, 34 units are designated for [...]

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Michigan HAP Property - Milan Village-Section 8- HAP Contract-Milan-Michigan

Michigan HAP Property Sold to a National LIHTC Developer

On November 16, 2017, a Michigan HAP property sold to a national LIHTC developer.  The apartments, known as Milan Village, are a 36-unit multifamily community near Ann Arbor, Michigan.  The property is within walking distance to downtown Milan, and all units are covered by an Option 4 project-based Section 8 contract.  The property is made up of 16 one-bedroom units and 20 two-bedroom units spread between three buildings. Select units within each building also have updated cabinets and vanities within. Multiple [...]

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Chicago LIHTC Sale-Lyndale Place-Section 42-LIHTC-Chicago-Illinois
Renaissance West-LIHTC-Section 42-Chicago-Illinois

Chicago LIHTC Sale in Logan Square Neighborhood

In October of 2017, AHIB and Kiser Group closed on a Chicago LIHTC Sale in the Logan Square Neighborhood. The deal included two properties, 67 unit Lyndale Place and 100 unit Renaissance West. The properties are located a few blocks apart in Chicago’s Logan Square neighborhood. Renaissance West was built new and Lyndale Place was renovated under the Section 42 Low Income Housing Tax Credit program. Both properties were restricted by debt from Chicago and IHDA in addition to LIHTC [...]

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Family Section 42 – Low Income Housing Tax Credit Property Sale – Oklahoma

On June 16, 2017, Affordable Housing Investment Brokerage closed on a family section 42 sale of Garland Square Apartments. Garland Square is a 36-unit Low-Income Housing Tax Credit property located in Stroud, Oklahoma. Stroud is a suburb of Tulsa, located off of Interstate 44 along the Oklahoma City-Tulsa corridor. Garland Square is comprised of a mixture of market rate and rent restricted units with efficiency through four bedroom layouts.  The property was less than 50% occupied at the time of [...]

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Low Income Housing Tax Credit Sale - Sun Valley-Section 42-LIHTC-Anderson-Indiana

Low Income Housing Tax Credit (LIHTC) Sale in Anderson, Indiana

On June 15th, Affordable Housing Investment Brokerage, Inc. (AHIB) completed a Low Income Housing Tax Credit (LIHTC) Sale in Anderson, Indiana.  Sun Valley was developed under the LIHTC program in 2004, then sold by AHIB in 2013 after the original developer defaulted on their first mortgage.  The property and it’s remaining tax credits were sold to a regional developer, who successfully restructured the deal’s income limits and stabilized occupancy. After closing on a permanent HUD-insured 223(f) mortgage, they hired [...]

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