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For nonprofit owners of LIHTC homes
Turn your LIHTC rentals into resident homeownership.
When your homes reach the end of the compliance period, our team manages the conversion from rentals to ownership, in any state, so your residents get the chance to buy the homes they live in.
What we manage for you
You keep ownership and oversight. We handle the day-to-day work of getting residents ready and moving each sale to closing.
Resident outreach
Explaining the opportunity to every household, with clear materials and live office hours.
Readiness assessments
A questionnaire and one-on-one review show where each household stands today.
Credit and debt coaching
Building credit lines, disputing errors, and resolving old debts, at each family’s pace.
Lender coordination
A mortgage officer experienced in affordable housing and down payment assistance programs.
Sales to closing
Managing each purchase from the resident’s decision through closing day.
[Additional service]
[e.g. pricing, coordination with the state HFA, or partnership exit planning. Confirm what you offer.]
How a conversion works
1
Conversation
We learn about your homes, your timeline, and your goals for residents.
2
Resident assessment
Every household gets the chance to see where they stand.
3
Readiness program
Coaching and credit work until residents are mortgage ready.
4
Sales and closings
Residents buy their homes, one closing at a time.
Starting resident outreach well before year 15 gives families time to build credit, so more of them are ready to buy when the compliance period ends.
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homes converted
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communities served
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states
Let’s talk about your homes.
Whether your compliance period ends next year or in five, it’s not too early to plan.
Michael Meuret
415-307-3734
Renuhomesllc@gmail.com