Bill Brading, Author at Affordable Housing Investment Brokerage

Heritage Apartments: 8.45M HAP Sale in Georgia

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Heritage Apartments, a HAP offering in Griffin, Georgia. Heritage Apartments is a 120-unit community with 94% HAP coverage and 7 market rate units. Griffin is a city within the metropolitan Atlanta area in the Southeast of Georgia, and 33 miles from Hartsfield-Jackson International Airport. At the time of sale, the building was in excellent condition with 98% occupancy. AHIB represented the seller and was able to procure [...]

September 29, 2023 By Bill Brading Sell HAP Contract Property, Sell Section 8 Property Georgia, HAP, Sale Comments Off

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-LIHTC Property-Greenwood-South Carolina

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

Tennessee LIHTC Sale

Affordable Housing Investment Brokerage, Inc. represented the seller of the 72-unit Overlook at Elk Hill Apartments in Knoxville, Tennessee. The Low Income Housing Tax Credit (LIHTC) property was placed in service in 2008 and is still operating inside of its initial compliance period with restrictions continuing through 2038. The tax credit property is in a Qualified Census Tract but not inside an opportunity zone. The Overlook at Elk Hill offers one- and two-bedroom units with private entrances. The tax credit [...]

March 9, 2022 By Bill Brading Uncategorized Comments Off