Hudson Valley Property Group (HVPG), a national affordable housing preservation company, has announced the acquisition of a 22-property portfolio comprising 4,768 units across the western United States.
HVPG acquired the portfolio from Inland Group in a joint venture partnership with Wheelock Street Capital.
The portfolio acquired includes properties in four western states — 13 in Washington, seven in Colorado, one in California and one in Idaho — concentrated significantly in the Denver, Seattle and Spokane (Wash.) metro areas. The properties are subject to low-income housing tax credit (LIHTC) rent restrictions, and tenants must be income qualified, earning no more than 60 percent of area median income (AMI).
HVPG plans to make physical improvements and implement the firm's Community Enhancement Program across the 22 properties. This initiative aims to foster vibrant, responsible and safe communities through site-specific emergency plans; active collaborat
