Question on LIHTC conversion to Section 8

[Dave DeMink]

Hello BP Community -

We are looking at a project that currently has a LIHTC designation.
Our intent is to transition current tenants and leverage section 8 vouchers to increase rents.

Curious if anyone that may have done this before has any feedback, "gotcha's", and things we need to think about before taking on the endeavor?

Thank you ahead of time for any feedback you may have.

Dave