Are multi family projects for affordable/senior housing able to sell their tax credits? At a reasonable rate?

In Market Conditions - Asked by Dan T. - Jul 26, 2010
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DAVID B.
Broker/Agent
Los Angeles, CA

I just sold a multi-family property with low income housing tax credits in Westlake, which is a submarket of Downtown Los Angeles. With that project and others I have worked on, the credits have been attached to the property.

Jul 27, 2010
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Peter C.
Broker/Agent
Santa Monica, CA

I specialize in Low Income / Tax Credit deals. The rate depends on the secondary market, I am not sure what the market rate is right now but they are basically bonds and can be sold seperately from the real property. I know some interested parties.

Jul 28, 2010
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