website-acquisitions-photo2HVPG acquires HUD assisted, tax credit, and affordable market rate properties throughout the country. Using conventional financing and/or Low Income Housing Tax Credits, we have the capabilities to acquire large multi-state portfolios as well as individual assets as small as 50 units.

HVPG has strong relationships with a wide variety of investors, including family investment offices, high net worth individuals, social impact investors, and institutional investors.

HVPG has established regional partnerships with highly experienced construction, management, and development firms in order to extend its reach.

In 2014, HVPG will help preserve over 600 units of affordable housing using both tax credit and conventional equity, with a total development cost exceeding $80M

HVPG’s partnerships leverage over a $1B of transaction experience, including the preservation and development of more than 25,000 units.

Expertise

The HVPG team has the experience to navigate through many of the unique challenges of acquiring affordable properties, including:

  • Mark-to-Market Restructuring

When project-based rents are marked down the resulting debt structure is highly complex and often scares off many buyers or leads to failed deals.  HVPG, however, has the expertise to successfully execute an acquisition of this type.

  • HUD 236 Property Rehabilitation

Many HUD 236s are in need of repair but lack the cash flow to support it. A sale to HVPG could maximize value to owners while ensuring for the preservation of the units.

  • Partnership Issues & Conflicts

The ownership structures of affordable properties are complex and often involve a large number of limited partners. When partners develop divergent financial goals, HVPG is able to alleviate such conflict through the purchase of partial interests, whether it be the General Partnership or the Limited Partnership interests..

  • Tax Efficiency

Oftentimes owners may wish to sell their interests but are reluctant for fear of tax repercussions, especially recapture or phantom income. HVPG works closely with top tax advisors and can tailor the acquisition structure to best address an owner’s personal tax situation.

Flexibility

We are flexible in how we work with owners and can tailor our role to fit the situation and optimize the results. We understand the complexities of acquiring, refinancing and rehabilitating properties under State and/or Federal programs, including: Section 236 properties; Section 42 LIHTC properties; Section 8 properties; HUD 202 projects, or other federal or state assisted properties, including HOME. Thus, we position ourselves into the role most suitable for the project, as investors, co-developers, or advisors.

Our expertise in financing and our partnerships, both for-profit and not-for-profit, enable us to streamline the acquisition process from existing owners who may wish to exit the affordable housing arena, for any number of reasons. We offer owners the flexibility to remain in the project, guiding them through the complicated acquisition process, by incorporating them into Owner in Place Preservation (OPP). We work with expert contractor partners for rehabilitation of the units to help assure proper Agency & Investor compliance and viability of these projects for years to come.