Heritage Affordable Communities

NYC’s affordable housing market is at a breaking point with an increasing number of distressed assets/portfolios. Owners of affordable housing, for-profit and non-profit groups, are dealing with mounting payables, mortgage delinquencies, and operational challenges that threaten long-term stability. When traditional solutions aren’t enough, Heritage Affordable Communities steps in with rescue capital and turnaround expertise. We provide more than funding—we bring the strategy and execution needed to restore stability and long-term value. If you’re looking for a partner to help navigate financial distress, let’s talk. Reach out to Gabriele Hakimi at [email protected] to start the conversation, or visit www.heritageaffordable.com to learn more. #AffordableHousing #LIHTC #NYCHousing #RescueCapital #HousingSolutions #HeritageAffordableCommunities

Heritage Affordable Communities is actively seeking to acquire large LIHTC GP Interest Portfolios nationwide. We specialize in creative and flexible acquisition structures to help general partners unlock liquidity and transition ownership smoothly. For more details, please see the attached Nationwide Acquisition Criteria. For inquiries, contact Gabriele Hakimi at [email protected] or message him directly on LinkedIn. #AffordableHousing #LIHTC #RealEstateInvesting #AcquisitionCriteria #HousingPreservation #HeritageAffordableCommunities

Heritage Affordable Communities is seeking new acquisition opportunities across NYC. We are actively pursuing affordable housing deals in all five boroughs—any property with a regulatory agreement, regardless of size. If you are considering a sale, partnership, or creative transaction, we would love to connect. For inquiries, contact us at [email protected] #AffordableHousing #LIHTC #NYCHousing #RealEstateInvesting #HousingPreservation #HeritageAffordableCommunities

In May 2023, Heritage Affordable Communities acquired an 868-unit LIHTC GP Interest Portfolio in East Tennessee, spanning 11 properties. This transaction exemplifies our ability to close complex GP Interest acquisitions at scale—a core strength and niche focus of our team. If you have a LIHTC GP Interest portfolio of scale, we are always interested in exploring similar opportunities. Please reach out to Gabriele Hakimi, our Senior Analyst, at [email protected] with any potential deals. #AffordableHousing #LIHTC #GPInterest #PortfolioAcquisition #HeritageAffordableCommunities #CaseStudy #InvestmentOpportunities #AffordableHousingDeals

Heritage Affordable Communities is heading to Las Vegas for the NMHC Annual Meeting from January 27-30, 2025! Alex Hajibay and Gabriele Hakimi will be representing our team at this key multifamily industry event. We’re looking forward to engaging with fellow multifamily professionals, exchanging ideas, and exploring opportunities to grow and strengthen our industry connections. If you’ll be attending the conference, we’d love to connect! Send us a message or comment below to schedule a time to meet. Let’s make the most of NMHC 2025! #HeritageAffordableCommunities #Multifamily #NMHC2025 #Networking

We’re excited to welcome David Khukhashvili to the Heritage Affordable Communities family as our new Managing Director! ?? David brings extensive senior-level expertise in affordable housing, with a primary focus on asset management within our growing portfolio. His leadership and dedication to advancing quality housing opportunities will be instrumental as we continue our mission of creating and preserving affordable communities. Please join us in welcoming David to the team! #WelcomeAboard #HeritageAffordableCommunities #AffordableHousing #NewHire

We’re excited to announce that our affiliate property management arm, Locust Cove Management ("LCM"), is expanding! Historically, Locust Cove Management has been dedicated to managing Heritage Affordable Communities’ portfolio with excellence. Now, LCM is officially open for third-party property management, bringing their expertise to a broader audience. Specializing in multifamily —especially in affordable housing—LCM has a deep understanding of the unique challenges and opportunities within this space. With a particular focus on New York City, LCM is committed to delivering outstanding service to owners, tenants, and communities. If you’re seeking a trusted partner to manage your affordable or multifamily housing properties, we encourage you to learn more about Locust Cove Management by visiting their website: www.locustcovemgmt.com Read more about about the launch here: https://lnkd.in/eauqzrKE #AffordableHousing #PropertyManagement #Multifamily #LocustCoveManagement #NYCHousing #RealEstateSolutions #ThirdPartyManagement

As the year comes to a close, we at Heritage Affordable Communities want to express our gratitude to everyone we’ve worked with in the affordable housing sector. Your partnership, collaboration, and shared commitment mean the world to us. Wishing our friends, colleagues, and communities a joyful holiday season and a successful New Year! Here’s to continuing our work together in 2025. ????? #HappyHolidays #AffordableHousing #CommunityFirst #NewYear2025

We’re excited to welcome Scott Leistensnider to the Heritage Affordable Communities family as our new Controller! ?? Scott brings extensive experience in accounting and financial leadership, along with a deep commitment to supporting affordable housing communities. We’re thrilled to have him on board as we continue growing and strengthening our mission of creating quality housing opportunities. Please join us in welcoming Scott to the team! #WelcomeAboard #HeritageAffordableCommunities #AffordableHousing #NewHire

We’re excited to share a behind-the-scenes look at our recent acquisition of the HAT Portfolio in the Bronx—242 units across three buildings. This portfolio came with significant challenges due to its distressed condition, but we saw an opportunity to preserve and stabilize critical affordable housing in the community. Our ability to tackle these challenges wouldn’t be possible without Locust Cove Management, our dedicated property management firm. Their hands-on, proactive approach has been essential in navigating complex issues, ensuring we stay focused on delivering long-term operational improvements and better living conditions for residents. In this case study, we break down the deal structure, key hurdles, and how our team is working tirelessly to turn these buildings into thriving homes. #AffordableHousing #CommunityImpact #PortfolioTurnaround #PreservingHousing #MissionDrivenRealEstate #HeritageAffordableCommunities #LocustCoveManagement