AHIC PSH Underwriting Guidance Released

Affordable Housing Investors Council (AHIC) released a new resource to help investors understand and evaluate Permanent Supportive Housing (PSH).

• Guidance was developed over 18 months and shaped by input from investors, syndicators, developers, service providers, and state and local housing partners
• Access the press release here.

AHIC PSH Underwriting Guidance contains:

• A clear framework for understanding how PSH differs from traditional LIHTC investments
• Detailed due diligence checklists covering sponsor, property manager, and service provider evaluation
• Guidance on underwriting rental subsidies, service funding, reserves, and vacancy assumptions
• Unit-level and project-level underwriting recommendations
• Appendices with sample regulatory relief language, design considerations, a site-visit checklist and more.