Anyone in multifamily specialize in affordable housing?
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[{"id": "cvrlorp", "text": "What's the market? If it's DC I'm your man.", "replies": [{"id": "cvrlrx3", "text": "a midwest second tier city. besides section 8 housing and LIHTC housing, what else would you consider to be \"affordable\" multifamily.\n\n...Or does section 8 fall under LIHTC", "replies": [{"id": "cvrmfdw", "text": "Section 8 is a voucher program, LIHTC is a tax credit providing equity to the construction/rehabilitation of affordable housing. So one affordable property can have both, or one. I think the easiest way to gauge supply/demand is to call your local Housing Authority and inquire about their waiting lists for affordable housing.", "replies": [{"id": "cvrmrpa", "text": "Thanks for that clarification, and for the tip!", "replies": [], "depth": 4}], "depth": 3}, {"id": "cvrpmhk", "text": "what city?\n\nthere is a shortage in Cincinnati if it helps you.  \n\nCall the housing authority they will help if they aren't crusty that particular day.", "replies": [{"id": "cvrqdic", "text": "Pittsburgh, not entirely midwest. ", "replies": [{"id": "cvruksh", "text": "Unless something is odd there, most likely there is a shortage.   \n\nThere is a shortage pretty much everywhere, or they'd have no incentive to subsidize it.  \n\nDo you know if you are more interested in s8 (voucher) s8 (PHA) or LIHTC?  or just all of them?\n\nYour housing authority just closed out their wait list btw.  I'd imagine knowing how many people are on that would be helpful.  \n\nhttp://www.hacp.org/housing-options/housing-vouchers/hcv-waitinglist/hcv-waitinglist-faqs", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cvrv8cu", "text": "An awesome resource, which many in the AH industry use, is [Novogradac](http://www.novoco.com/low_income_housing/).  Additionally, you could take a contrarian view of AH.  The links that follow go to two articles I penned on the topic; the first, is more germane to the Phoenix Metro but shows how funds flow and the 2nd is a broad overview of affordable housing: [The High Cost of Affordable Housing](http://abimultifamily.com/abinsight-the-high-cost-of-affordable-housing/) and [The High Cost of Affordable Housing Part 2]( http://abimultifamily.com/abinsight-the-high-cost-of-affordable-housing-part-2/)", "replies": [], "depth": 1}, {"id": "cvrwvyg", "text": "If you mean below-market subsidized affordable housing, then yes, there is less supply than demand. By definition.  ", "replies": [{"id": "cvrxddu", "text": "i've managed to semi successfully black out pretty much every ah project I've been involved with and now pretend HUD stands for anything but that evil agency we shall not discuss, but yeah my understanding is an over supply is theoretically either impossible or highly highly unlikely and not present in any market.  \n\nHow much of a shortage exists may be an interesting academic question I suppose, but unless you are consulting with a pha or lobbying to increase LIHTC I'm not sure why this would be helpful information for you.  \n\n", "replies": [], "depth": 2}], "depth": 1}, {"id": "cvsinlx", "text": "reading the comments, maybe you can compare the shortage (wait list / population) in your market with data from other metros? ", "replies": [{"id": "cvsjwyr", "text": "great advice, I was looking for what metrics to compare with similar-sized metro areas", "replies": [], "depth": 2}], "depth": 1}, {"id": "cvuekvw", "text": "You could look at rents of multifamily properties as a percentage of median income", "replies": [], "depth": 1}]