Developing and managing affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... for low-income families is both a challenging and highly rewarding endeavor. Because many families in today’s housing market cannot afford the high cost of real estate or market valueMarket Value is the value of the asset on the open market. rents, affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... gives these families a chance to live comfortably and safely with an improved quality of life. Developers often rely on investors to build and manage these complexes. Here are four reasons why it might make sense for you to invest in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af....
Reliable return on investment
Because the demand for affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... is so great, developers generally have little trouble filling their properties once they are built. This trend has been constant for many years and should continue for the foreseeable future. This means investors assume the relatively little risk and enjoy reliable ROI.
Consistent cash flow
When families qualify for affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af..., their rents are subsidized by federal, state and local agencies. This translates to a fairly steady stream of cash flow for investors in these properties. Also, due to the high demand, if a family is still unable to afford their rent, newly vacant properties are easy to fill, keeping the risks low and the income stream constant.
Generous tax incentives
The US government offers a whole array of deductions and tax creditsA reduction in tax liability. Benefits an owner of a property claims under the low-income housing tax credit program. for those involved in building affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... for low-income families. These tax savings are obviously passed on to investors.
Building healthy communities
Beyond the benefits mentioned above, perhaps the most important reason to invest in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... is the overall benefit to the community itself. By creating housing options for families and individuals otherwise could not afford it, you have the opportunity to change many lives for the better in a tangible manner. These people in turn often end up enriching their communities in unexpected ways.
Olympia ManagementOlympia Management, Inc. exists to meet the needs of the affordable housing community by providing top-quality living conditions, excellent management, compassionate interaction with tenants, and cons... has many years of proven experience in developing and providing safe, comfortable living options for individuals and families who need extra help. For more information on how to invest in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af..., call us today at 256-894-2382.