Specialized Brokerage Support for Affordable Housing Owners, Developers, and Syndicators
At Royo Management Inc., we understand that selling a LIHTC or affordable housing property isn’t a typical transaction — it’s a regulated process that requires specialized knowledge, timing, and the right network. As a licensed real estate brokerage with deep experience in HUD, IRS Section 42, and affordable housing operations, we provide brokerage services tailored to the sale and transfer of regulated assets.
Whether you’re approaching Year 15, pursuing a Qualified Contract sale, or managing an underperforming LIHTC property, we support you through every step — from compliance review to closing.
Understanding the Landscape of Affordable Housing Sales
The sale of affordable housing properties — especially those developed using Low-Income Housing Tax Credits (LIHTC) or other public financing tools — is a uniquely complex transaction. These properties aren’t just buildings with tenants. They’re regulated assets, governed by legal agreements that restrict rent levels, tenant income, and property operations for 15, 30, or even 50 years.
Unlike conventional real estate, you can’t simply list, sell, and walk away.
Each transaction must consider:
Land Use Restriction Agreements (LURAs) and extended use periods
Tenant income qualifications and occupancy records
IRS tax credit recapture risks for non-compliance
Approval from Housing Finance Agencies (HFAs) and/or HUD
Qualified Contract procedures for exiting affordability restrictions
Physical compliance standards (NSPIRE, REAC, state inspections)
Buyer eligibility — not every investor can (or should) acquire these assets
That’s why most real estate brokers are not equipped to handle the sale of these properties. And it’s why Royo Management Inc. was built for this exact space.
Our Role in Regulated Asset Disposition
At Royo Management Inc., we offer compliance-informed brokerage services designed specifically for affordable housing properties. We work with owners, syndicators, and nonprofit developers to evaluate asset readiness, identify qualified buyers, and guide transactions from planning to closing.
Our services combine:
Real estate licensing and brokerage authority
Deep knowledge of affordable housing programs
Practical experience responding to audits, findings, and compliance triggers
A trusted network of mission-aligned buyers and advisors
What We Offer:
We help you exit your regulated asset cleanly, compliantly, and strategically. Our services include:
Disposition Planning
LURA and regulatory covenant review
Compliance risk analysis
Exit and timing strategy recommendations
Qualified Contract & Year 15 Exit Support
Eligibility and timeline planning
Submission prep for HFAs
Post-Year 15 repositioning guidance
Brokerage & Marketing
Targeted outreach to mission-aligned buyers
Preparation of offering materials that highlight both value and restrictions
Buyer screening and education
Transaction & Compliance Support
Coordination of rent rolls, income certifications, and file audits
Communication with HFAs, syndicators, attorneys, and buyers
Closing support and post-sale transition guidance
Who We Work With
We serve:
LIHTC developers and general partners
Syndicators and investor-owned portfolios
Nonprofits and housing authorities
Faith-based and mission-driven property owners
Buyers seeking affordable housing assets
We also work with asset managers who need to clear properties from portfolios while maintaining reputational integrity and compliance.
Let’s Build a Strategy for Your Exit
Whether you’re looking to sell one property or reposition an entire portfolio, we bring regulatory clarity, deal structure, and buyer access to the table.
