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Transaction Types
CDT's national portfolio of property investments demonstrates an impressive array of preservation strategies. While receptive to any investment that makes economic sense and is compatible with our preservation mission, we are especially interested in properties where our tax-deferred exchange adds significant value to the transaction. The following types of opportunities are representative of the equity investments that CDT targets: |
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• | Market-Rate - Unsubsidized multifamily properties with at least 20% of the units affordable to households earning less than 80% of the area median income |
| • | At-risk properties - Properties with a partial or full subsidy at-risk of "opting out" of long term affordable programs, such as: Section 8 , Section 236, and Mitchell-Lama. |
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| • | Low Income Housing Tax Credit (LIHTC) properties - expiring LIHTC or Year 15 properties |
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| • | Mark Up to Market (MUM) - Properties eligible to renew Section 8 contracts at local market rents under Section 524 of the Multifamily Assisted Housing Reform and Affordability Act (MAHRAA) |
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| • | Mark to Market (M2M) - Properties whereby the project-based Section 8 subsidized rents are reduced to market levels by HUD's Office of Affordable Housing Preservation (OAHP), with a corresponding restructure of the project's existing debt |
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