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Updated over 4 years ago on . Most recent reply

Steven J. Umaña's profile image
Steven J. Umaña's profile image
Steven J. Umaña
  • Attorney
  • from Columbus, OH
  • Member since Nov 13, 2015
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Steven J. Umaña's profile image
Steven J. Umaña's profile image
Steven J. Umaña
  • Attorney
  • from Columbus, OH
  • Member since Nov 13, 2015
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Steven J. Umaña
  • Attorney
  • Columbus, OH
60
Votes |
95
Posts
Multi-Family and Apartment Investing

Affordable Housing Anyone?

Steven J. Umaña
  • Attorney
  • Columbus, OH
Posted

https://www.bizjournals.com/co...

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Steve Morris's profile image
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Steve Morris
  • Real Estate Broker
  • from Portland, OR
  • Member since Sep 26, 2019
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Steve Morris's profile image
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Steve Morris
  • Real Estate Broker
  • from Portland, OR
  • Member since Sep 26, 2019
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Steve Morris
  • Real Estate Broker
  • Portland, OR
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4,039
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

You missed the money shot - To get the 9% credits, each state has a quota and the market is ferociously competitive.

You put together a proposal/request, you'd better have a real compelling story - And saying I want to make a profit isn't your best plot line.

In addition, there are some for-profit operators, but affordable stuff (due to compliance and tenant issues) is just more expensive to operate.

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