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 [...]