Milan Village - Affordable Housing Investment Brokerage

Milan Village

Michigan HAP Property - Milan Village-Section 8- HAP Contract-Milan-Michigan

Project Description

0
November 20, 2017
Section 42 Housing, Section 8 Housing

Subsidy: HAP / Section 8 Contract
Debt: 9% LIHTC Award
Address: 71 Hurd Street, Milan, Michigan 48160
#Units: 36
Sale Price: $1,490,000

On November 16, 2017, a Michigan HAP property sold to a national LIHTC developer… Read More

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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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