Patrick Plunkett, president of the newly formed Perez Housing Associates (PHA), an organization that is addressing the acute need for affordable housing, says PHA expects to close on properties within the next 30 to 45 days. PHA was recently launched by Jorge Perez and his son, Jon Paul Perez, of development firm The Related Group.
The new venture is dedicated to the acquisition, rehabilitation and long-term affordability of properties under Section 42 of the Low Income Housing Tax Credit Program. Plunkett says PHA is seeking properties in the Mid Atlantic, the Southeast, Texas, Ohio and Colorado.
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