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
Report Abuse
Answer this Question


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
Report Abuse
Peter C.
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
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question