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August 30, 2023

Holistic Approach to Affordable Housing Due Diligence and Impact on Valuation

By JR Lephew

The due diligence process is critical for ensuring the success and sustainability of affordable housing projects. The margins for affordable housing developers and owners are razor thin and it is critical they have a full understanding of the projects needs to ensure profitability and achieve the highest possible valuation. However, as construction and insurance costs continue to rise, particularly for residential multi-family, owners may need a more holistic approach to due diligence now more than ever.

In this article, J.R. Lephew, Andrea Gilman and Owen “Chip” Ard discuss site suitability, sustainability, building design, functional obsolescence, property resilience, and more.

Click here to read the article. 

About the Authors

JR Lephew

JR Lephew

Principal, Managing Director of Affordable Housing
JR Lephew serves as the Director of Affordable Housing and his experience spans 20 years in the environmental, engineering, and construction industries. Mr. Lephew is the primary knowledge resource to clients and internal staff for all affordable housing-related due diligence services, including both environmental and physical needs assessments. The affordable housing due diligence programs that he specializes in include those related to applications for state Low-Income Housing Tax Credits (LIHTC), HAP-TPA-Mark-Up-To-Market (MUTM/M2M), Multifamily Accelerated Processing (MAP), and Rental Assistance Demonstration (RAD), to name a few. Mr. Lephew also has extensive knowledge in, and has facilitated compliance with, local and state accessibility standards and laws, as well as federal standards such as the Americans with Disabilities Act (ADA), the Fair Housing Act (FHA), and Section 504-Uniform Federal Accessibility Standards (UFAS) requirements as they pertain to multifamily residential building standards and practices.

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