HAP Archives - 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

Maple Park Apartments: Senior HAP Sale in Iowa

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Maple Park Apartments, a HAP offering in Algona, Iowa. Maple Park is an Independent Senior community with full HAP coverage. Algona is a city of over five thousand residents in northern Iowa, between Des Moines and Minneapolis. The city is the county seat and home to a regional medical center. The property is a quiet community with a landscaped garden courtyard, laundry facilities on each floor, [...]

August 17, 2023 By Kyle Shoemaker Sell HAP Contract Property Algona, HAP, Iowa Comments Off

Our Lady of the Lake-Senior PRAC and 202 HAP-Baton Rouge-LA-262units

262-Unit Senior PRAC and 202 HAP Sale: $17.82 Portfolio in Baton Rouge

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Lady of the Lake senior HUD housing portfolio, comprised of four properties, Chateau Louise, Villa St. Francis, Assisi Village, and Calais House in Baton Rouge, Louisiana. The campus is comprised of five adjacent buildings, three properties operating under PRAC contracts, one operating with a HAP contract under the HUD 202 program, and the fifth that serves as an office and community center. AHIB procured multiple offers [...]

April 21, 2023 By Kyle Shoemaker Sell HAP Contract Property, Sell PRAC Property 202 HAP, HAP, Louisianna, PRAC, RAD, Senior Comments Off

Valkommen Plaza: Independent Senior Apartments Sale in Illinois

Affordable Housing Investment Brokerage, Inc. (AHIB) represented the seller of the 171-unit Valkommen Plaza, an independent senior apartment building operating with a HAP contract. Valkommen Plaza is a nine-story, elevator building with commercial spaces on the first floor, providing excellent amenities including a beauty salon, police sub-station and grocery for the local community of downtown Rockford, Illinois. Rockford, Ill., boasts a population of 150,000 just 70 miles northwest of Chicago on Interstate 90. Officials just announced a $200M planned [...]

February 6, 2023 By Kyle Shoemaker Sell HAP Contract Property HAP, Illinois, LIHTC, Rockford, Sale, Senior, Valkommen Plaza Comments Off