The Affordable Housing Investors Council (AHIC) has published updated Underwriting Guidelines for its members. The Guidelines are designed to be used as an outline for an underwriting process and for investment documents for proprietary, multi-investor, and direct investments in low-income housing tax credits (LIHTC). They examine how to analyze the financial strength and expertise of the development team; the key points to understand the sources and uses in the development budget; critical facets of underwriting the deal; best practices in due diligence; and tools for reviewing the capacity of syndicators.
NH&RA is pleased to see that once again, AHIC Underwriting Guidelines cite our affiliate, the National Council of Housing Market Analysts Model Content Standards in the market study portion of its Underwriting Guidelines. Click here to download the Underwriting Guidelines.