CHFA Contract expiring on potential acquisition

[Justin Snyder]

My buisiness partner and I are looking at a portfolio of properties where the CHFA contracts (60%) on them are expiring for the next few years. My my question is when it expires (Let's say on a 4-plex) what happens to the tenants? If they get assistance do they not any longer? If rents are raised my guess is they no longer will qualify and would have to find a new place? Any input around this would be appreciated.

Thanks