When relying on LIHTC to make the deal pencil, yes developers wait BUT only if they have the resources to wait and only if the property owner is willing to not close on the property until the project is fully funded.

AB 2622 allows unlicensed professionals to handle jobs under $1,000, such as repairing gates, patching drywall, or fixing leaky faucets—saving you money without sacrificing quality.2.

With the money from my savings and stocks I have about 100k . 

Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

The other thing that I would look at is private money too you can get it for cheaper and less pricy as they can make their own terms with their money.  

Seller financing, private money, and subject-to deals can open up opportunities that others might pass on.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.

Was that purchase money, rate and term refi, or cash out refi?

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

Make everything neutral (decor and lighting) and get new pics.  

Could these waits be mitigated by going the hard/private money route?