Monroe Archives - Affordable Housing Investment Brokerage

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, [...]

January 13, 2023 By Kyle Shoemaker LIHTC, Sell LIHTC Property, Sell Section 42 Property Creekside, LIHTC, Michigan, Monroe, Sale, Section 42, Senior Comments Off

To be a successful affordable housing real estate broker you have to be knowledgeable in the industry and know the housing programs. Because AHIB speaks our language, they match us up with buyers that meet our sales price expectations and get us to the closing table. AHIB breaks down complicated HUD/LIHTC transactions to their simplest form. Because of their expertise and valuing relationships, we look forward to working with AHIB to serve our future brokerage needs. .

David ProutPresident - Chesapeake Community Advisors, Inc.

When one of our owners needed to sell an existing low income housing tax credit property in a tough market, with existing tax credits as part of the deal, I immediately knew AHIB and Kyle Shoemaker were the right team for the job. AHIB was very sensitive to the concerns we had for our onsite employees while maximizing our owner’s best interest. Multiple offers at our target price were procured within a few weeks, including buyers who paid full value for the remaining LIHTCs.

Timothy ShaferPresident - HI Management

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