Sale 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

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

Creekside Village-Senior LIHTC-Monroe-Michigan

Creekside Village: Independent Senior Property Sale in Michigan

In December 2022, AHIB closed on 77 LIHTC Independent Senior Units in Monroe, Michigan. The fenced in garden community known as Creekside Village was developed with the Low Income Housing Tax Credit (LIHTC) and placed in service in 2004. Creekside Village units provide personal front yards and backyards in a calm neighborhood near medical centers and pharmacies ideally suited for independent senior living. All common areas, units and hallways are senior-friendly, with ample space to accommodate mechanical aids (wheelchairs, walkers, [...]

January 13, 2023 By Kyle Shoemaker LIHTC, Sell LIHTC Property, Sell Section 42 Property Creekside, LIHTC, Michigan, Monroe, Sale, Section 42, Senior 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