Allen & Associates Consulting is a real estate consulting firm specializing in affordable housing. Our practice areas include low-income housing tax credits, tax-exempt bond transactions, development consulting, disposition studies, market studies, rent comparability studies, appraisals, capital needs assessments, and utility studies. Since 2000 we have performed over 2650 assignments in 46 states. Major projects include:
Development Consulting: Bond-Financed New Construction
Retained to manage the development of a 140-unit bond-financed townhome community. Responsible for all aspects of the proposed $15 million development including project design, zoning, site plan approval, and identification of debt and equity sources for the project.
Disposition Study: Tax Credit Renovation
Assisted in the disposition of a 134-unit subsidized apartment community. Developed a comprehensive renovation plan and arranged the sale to another party willing to rehabilitate the property with low-income housing tax credits. The owner was initially prepared to sell the property for $2 million; our efforts brought them $5 million.
Development Consulting: Historic Tax Credit Adaptive Reuse
Assisted in putting together the redevelopment plan for a historic school building. The property, originally constructed in 1935, was subsequently renovated into 14 apartment units with a combination of historic and low-income housing tax credits. Our efforts helped breathe new life into the historic building.
Disposition Study: Year 15 Portfolio Review
Provided disposition studies for a variety of property types including tax credit developments, rural development properties, and HUD subsidized properties. Recently retained to evaluate a large portfolio of Year 15 LIHTC properties on behalf of a national tax credit syndicator.
“Doing our part to keep affordable housing affordable.”