LIHTC and Section 8: Acq-Rehab Pitfalls to Avoid

Section 42 low income housing tax credits are useful tools for funding the development, acquisition and rehabilitation of rent-subsidized Section 8 properties. There are obvious benefits to twinning LIHTC with project-based Section 8 HAP contracts and project based vouchers (PBV), but contradictions between these programs also elevate the risk of regulatory compliance errors. The affordable housing compliance experts at TheoPRO have identified three key issues: 1. Section 8 households may…

Asset Management & Acquisitions

Westmont Advisors can assist you with evaluating, managing and resolving your multifamily and commercial loan, real estate and OREO portfolios, whether performing, subperforming or non-performing. We also understand the issues and nuances that are unique to Low Income Housing Tax Credit (LIHTC) developments, including asset management, portfolio management and reporting, and workout. BUSINESS PLANNING, ACQUISITIONS ANALYSIS, PORTFOLIO MANAGEMENT and WORKOUT Our approach is straightforward — we focus on achieving practical…