Comments (14)

May 29, 2019

repemonkey44, shame nobody has responded. Maybe one of these topics will help:

  • Question regarding debt financing on 4% LIHTC Wanted to make sure I understood from a high level. Let's say the project was put in service in 2005 initially. So 15 year compliance period is up next year, and the existing developer wants to reapply for a fresh batch of 4% credits and do another r ...
  • LIHTC during the next recession Can anybody in the industry comment on how they forecast the LIHTC market during the next ...
  • How do LIHTC developers make money? In the process of discussing a VP level position with an affordable developer (mostly 4% LIHTC ... shop investing in value add deals? Also, given that these LIHTC deals are held for longer periods, ... that be pointless given the structure of a LIHTC deal? My understanding is the main source of upside ...
  • Starwood Acquires LIHTC Portfolio digit coc yield. How is that possible on a cash flow constrained asset like a LIHTC portfolio? What did ... digit cash yield at the LP level? Real Estate starwood LIHTC ...
  • Affordable Housing Development- LIHTC- 4% Bond Financial Model structures. I figure it's a long shot but I am trying to get my hands a 4% LIHTC Bond financial model. ... Any help would be greatly appreciated. affordable housing Low Income Housing Tax Credits LIHTC No Yes ...
  • LIHTC Equity Pricing Are there any other LIHTC developers or syndicators out there? Where have you seen equity pricing ... their feet. LIHTC ...
  • LIHTC I know there are other threads explaining what it is. But what I'm curious about is can you get pigeon holed in this type of roll after having experience in multi and office mostly. What are the exit opps? ...
  • Can someone walk through how to evaluate a potential site for a 4% or 9% LIHTC deal? As title says, I am interested in how you would go about evaluating a site for low income tax credits. Both site and economic feasibility. Thanks ...
  • More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

May 31, 2019

I think the radio silence is because these models are largely proprietary and often huge.

May 31, 2019

Yep. Also, I don't want folks knowing what price I get for my tax credits, or what rate lenders are giving me. RE is a relationship business as much as anything else - if I can juice that extra half cent a credit out of a major LIHTC investor on the strength of our relationship, that is a major advantage. And I don't want to piss it away by giving some fly by night shop another comp point to go to those guys are demand the same service. That just ruins my competitive advantage and makes me look like a schmuck.

May 31, 2019

Thanks for the feedback, I figured when I couldn't find anything online this was likely the case

May 31, 2019

Thanks for the feedback, I figured when I couldn't find anything online this was likely the case

Jun 1, 2019

One way you could develop your own is to start by looking at the LIHTC application requirements in each state. For example, TCAC and CDLAC in California has an excel E-Application model along with its QAP and regulations that gives you a starting point on revenue, expenses, costs, eligible basis, calculation of developer fees, etc.

Jun 1, 2019

Great idea - Thanks

Jun 3, 2019

Are you looking for a development model or a syndication model? The syndication model is certainly proprietary and massive. A development model isn't really any different from a regular MF model except for calculating basis and rent restrictions.

Jun 8, 2019
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