- Acquisition targets: LIHTC developments approaching their 10-year credit delivery period or 15-year compliance period; properties with expiring Section 8 or Housing Assistance Payment (HAP) contracts; properties with expiring state or local affordability restrictions
- Property size: 100+ units, but will consider smaller properties in high-cost markets
- Duration: We seek to hold properties for the long term: but will consider shorter-term investments
- Equity capital: $1 million to $10 million, but will consider larger transactions or portfolios
Terms for specific investments are based on location, operating history, business plan/strategy, and alignment with CDT’s mission to preserve affordable housing.