|Building Area Net||
|Number of units||150|
Jones Lang LaSalle Americas, Inc. (“JLL”) is offering qualified investors the opportunity to acquire St. James Village (the “Property”), a 150 unit, Project-based Section 8 HAP property located in Houston, TX. St James Village presents Investors the opportunity to deploy capital into an inflation-protected vehicle benefiting from long-term federally-backed cash-flow. The Property is sheltered from typical market volatility and enjoys a waitlist exceeding 300 people. Furthermore, the Property provides Investors the opportunity for a LIHTC preservation in 2025, when the Property will be eligible for resyndication using Tax Exempt Bond financing and Federal LIHTCs.
- HAP Contract Provides Stable Cash Flow
- Located in Premium Top 10 Largest MSA
- Convenient Location Proximate to Nearby Employment Drivers
- In-Place Rents Significantly Below Prevailing Market
- Affordable Housing Preservation Opportunity