Ohio Archives - Affordable Housing Investment Brokerage

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200-Unit LIHTC Sale in Ohio: Eastpoint Apartments

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closingof Eastpoint Apartments, a LIHTC offering in Northwood, Ohio outside the city of Toledo.Eastpoint Apartments is a 200-unit community with 60% LIHTC units designed as elegant family townhomes. AHIB represented the seller in the 200-Unit LIHTC sale, with multiple offers procured above target price. The deal ultimately closed in January 2025, above the asking price at a number that resulted in sub-5% capitalization rate on trailing net operating [...]

January 14, 2025 By Kyle Shoemaker LIHTC, News LIHTC, Ohio 0 Comments

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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