Douglas Koch This is Me

 Web References

1. 1. The low income tax credit: spurring investment & development of affordable housing.

   nreionline.com/ar/real_estate_ - [Cached]

   Published on: 6/1/1995   Last Visited: 4/30/2004

   The FASB issue did generate interest in the residual value of the real estate, according to Douglas Koch, director of the Affordable Housing Group of Cushman & Wakefield. Where in the past investors' interest was predicated on yield alone, Koch says now consideration also is being given to the residual value of the projects.
   
   "Interest in affordable housing has been growing," says Koch. "People are starting to understand that underlying all this is the real estate."
   
   Koch says investors are now becoming more aware that there has to be some kind of residual return. "Investors interested in holding real estate on their books will continue to be interested, and that's who has been interested anyway -- it's not only a tax shelter," says Koch. The Affordable Housing Group at Cushman Wakefield, which was created about one year ago, has done about 130 affordable housing assignments. The group does market feasibility studies and due diligence for corporations investing in tax credit projects, as well as provide valuation and appraisal services.
   
   "Because the properties need to be affordable and have set leasing requirements, it's necessary to ensure that the properties are developed in areas where the demographics work," notes Koch. "There is a fine line because people need to earn income, but the rents have to be set at the right levels, and you have to understand how to ensure compliance as you rent up and operate," notes Koch.
   ...
   "I can't make a prediction about what the president or Congress may do, but I think that if there was ever a good Republican program, this is it," says Cushman & Wakefield's Koch.