South Carolina Archives - Affordable Housing Investment Brokerage

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 [...]

January 13, 2023 By Bill Brading HOME, Sell Section 42 Property, Sell Section 42 Property with HOME Restrictions Hallmark, HOME, SC, Section 42, South Carolina, Truesdell Comments Off

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 [...]

January 13, 2023 By Bill Brading LIHTC, News, Sell Section 42 Property Carolina, Greenwood, Hallmark, LIHTC, Sale, Section 42, South, South Carolina 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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