Houston private bond activity appraisals are part of the due diligence to create quality affordable housing. Residents at these properties pay rent based upon their level of income. Private bond activity appraisals are prepared for apartment complexes in the Low Income Tax Housing Tax Credit program which are obtaining private bond financing. The owners of these apartment projects receive a lower level of tax credits (versus traditional Low Income Housing Tax Credit apartment complexes). However, they receive lower cost financing (since the bonds are not subject to federal income tax). The private bond activity apartment and low income housing tax credit (LIHTC) programs have been implemented to provide low-income working families with quality housing at an affordable price.

Private bond activity apartment complexes are approved subject to complying with a series of inflexible rules and are contingent on tax credits being available. Identifying sites for which private bond activity apartment complexes are financially feasible is difficult.

Private bond activity complexes are subject to approval by both the state housing agency and bond issuer.

Appraisals for private bond activity apartment complexes vary in several regards from appraisal for conventional apartments. The value is subject to a land use restriction agreement (LURA). Further, there are typically several definitions of market value (as completed, as stabilized and as though LURA does not apply).

O'Connor & Associates is the largest independent appraisal firm in the southwestern United States and has over 40 full-time staff members engaged full-time in valuation and market study assignments. Their expertise includes private bond activity appraisals, feasibility studies, valuing real estate, business personal property, business enterprise valuation, purchase price allocation for business, valuation for property tax assignments, partial interest valuation, estate tax valuation, expert witness testimony and valuation for condemnation. They have performed hundreds of feasibility studies and over 10,000 appraisals

To obtain a quote or further information on private bond activity appraisals, contact George Thomas or Craig Young at 713-686-9955 or fill out our online form.