Cedars of Chili

Project Description

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January 13, 2015
Rent Supp RAD/LIHTC Conversion, Section 42 Housing

Subsidy: Rent Supplement Contract / RAD Conversion with 4% LIHTC
Debt: HUD 236
Address: Rochester, New York
#Units: 320
Sale Price: $16,200,000

The second piece of a two property New York RAD Portfolio… Read More

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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Your Trusted Section 8 and Section 42 Broker

Cedars of Chili

Project Description

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