Anyone with Experience with LIHTC property?

[Brian Plajer]

Hello,

  I'm trying to analyze an apartment building that is currently  rent restricted (LIHTC), senior complex. I'm not familiar with LIHTC properties. The current owner says it expires in 2029.  Does that mean the building can then be converted to a general apartment building with market rents or is there more to the process.

[Anthony Chara]

Quote from @Brian Plajer:

Hello,

  I'm trying to analyze an apartment building that is currently  rent restricted (LIHTC), senior complex. I'm not familiar with LIHTC properties. The current owner says it expires in 2029.  Does that mean the building can then be converted to a general apartment building with market rents or is there more to the process.

DM me Brian.  I can put you in contact with Ken Moncreiff.