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repemonkey44, shame nobody has responded. Maybe one of these topics will help:
If those topics were completely useless, don't blame me, blame my programmers...
I think the radio silence is because these models are largely proprietary and often huge.
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.
Thanks for the feedback, I figured when I couldn’t find anything online this was likely the case
Thanks for the feedback, I figured when I couldn't find anything online this was likely the case
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.
Great idea - Thanks
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.
Looking for a dev model, not so much worried about syndication model.
Been combing through my models thinking how to edit for LIHTC/Affordable
Just add a section to your development budget tab that calculates eligible basis and your credit amount.
And leave a nice fat gap line item in your sources =)
As a syndicator I am triggered.
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