We have over fifteen years of experience conducting market studies and appraisals for Low-Income Housing Tax Credit (LIHTC, IRS Section 42) properties.
Lexington Analytical has worked with clients on over 150 tax credit housing developments in Wisconsin, Minnesota, Iowa, Michigan, and Georgia. Our clients include for-profit developers, non-profit developers, housing authorities, mortgage lenders, and state finance agencies. With our depth of knowledge regarding the housing tax credit process, we assist our clients in identifying markets with an unmet need for affordable housing and are able to guide clients in vetting proposed developments for an array of critical factors including housing type, amenities, rents, and overall market strength.
The primary objectives of our market study services for tax credit developments include the following:
- Adhering to the market study requirements and guidelines of state finance authorities
- Providing clients insights into local rental housing markets that directly impact their proposed developments
- Using our extensive knowledge base of tax credit housing developments to assist the developer in improving their development proposal
- Meeting the needs of tax credit investors and mortgage lenders, whom may also review the market study