BH Properties has introduced Haven Housing, a new platform designed to acquire and operate aging income-restricted apartment buildings across high-growth Western U.S. markets. This initiative particularly focuses on properties developed through the Low-Income Housing Tax Credit program that are approaching the end of their 15-year compliance commitments. Initially, Haven Housing will manage 2,500 units and intends to renew affordability contracts while renovating properties to enhance their value and livability. This marks a significant expansion of BH Properties' expertise beyond traditional market-rate developments, emphasizing their commitment to workforce housing.
BH Properties aims to enhance value and affordability in older income-restricted housing through its new platform, Haven Housing, targeting high-growth Western U.S. markets.
Haven Housing will focus on acquiring older income-restricted properties that are losing compliance, allowing BH Properties to renew contracts and renovate for sustained affordability.
#haven-housing #bh-properties #affordable-housing #real-estate-development #income-restricted-housing
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