Affordable Housing Advisors

What Affordable Housing Advisors does

Affordable Housing Advisors (AHA) is a U.S. real estate brokerage firm founded in 1987 and operating as a specialized brokerage team within Newmark, the global commercial real estate advisory firm. The firm is the nation's first brokerage to focus exclusively on affordable housing and represents sellers and buyers of government-subsidized and tax credit multifamily properties across 49 states. Its client base spans individual Section 8 property owners, institutional portfolio holders, nonprofit organizations (national, local, faith-based, and government entities), and general and limited partners in LIHTC syndications.

AHA's core offering is organized around a dual-platform architecture: AHA S8 covers Project-Based Section 8 and HUD-insured property transactions, while AHA S42 handles Low-Income Housing Tax Credit (LIHTC) property sales nationwide. The combined platform extends to nonprofit-sponsored tax credit developments, partnership interest sales, portfolio sales, Mark-to-Market (M2M), Mark-Up-to-Market (MU2M), ELIHPA/LIHPRHA, RAD, PRAC, state agency financed properties, Rural Development (515)/Rental Assistance, Qualified Contract Process (QCP), and value-add/distressed assets/REO. An in-house underwriting team reviews and underwrites over 1,500 affordable housing properties annually. The firm also offers complimentary Broker Opinion of Value services and operates an extranet client portal.

The business model is transaction-fee based, generating revenue from brokerage commissions on the sale and acquisition of affordable housing properties; no subscription or recurring pricing is disclosed. Go-to-market is direct broker-to-client through a senior investment sales team operating from four primary offices (Bloomfield Hills, New York, Phoenix, Newport Beach), supplemented by active presence in industry associations (NMHC, IRHP, NLHA, NH&RA), conference speaking engagements, and a website with extranet login. Leadership consists of four Vice Chairman/Co-Heads (Andrew Daitch, Steven Miscavish, Seth Barnett, Matthew Kurzmann) supported by Senior Managing Directors, Directors, and Associate Directors covering the entire United States. The firm is privately held under Affordable Housing Advisors, Inc., governed by Michigan law, with Newmark as its parent company.

Name

Affordable Housing Advisors

Legal name

Affordable Housing Advisors, Inc.

Website

https://affordablehousingadvisors.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Affordable Housing Advisors is a U.S. real estate brokerage firm operating within Newmark, representing sellers and buyers of government-subsidized and tax credit multifamily properties nationwide through its dual AHA S8 (HUD/Section 8) and AHA S42 (LIHTC) platform.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage — Affordable Housing

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & First-Time Buyer Brokerage (BPAJAAAD)

akta.pro secondary industries

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Buyer Representation Services (BPAJAAAJ)

Keywords

• Affordable housing brokerage
• Multifamily real estate
• LIHTC transactions
• Section 8 sales
• Commercial real estate advisory

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Brokerage Commissions: The company earns transaction-based fees through the brokerage of affordable housing properties. As the nation's leading brokerage team for government-subsidized and tax credit multifamily properties, they represent both sellers and buyers in transactions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Affordable Housing Advisors provides brokerage services for the sale and acquisition of government-subsidized and tax credit multifamily properties in the affordable housing sector. Through its dual platform — AHA S8 (Project-Based Section 8 / HUD-insured) and AHA S42 (LIHTC) — the firm represents sellers and buyers nationwide, supported by an underwriting team that reviews over 1,500 properties annually and complimentary Broker Opinion of Value services.

Product overview

Affordable Housing Advisors (AHA) operates as a real estate brokerage firm specializing exclusively in affordable housing. The company offers a unified Dual Platform architecture comprising two distinct service lines: AHA S8 for Project-Based Section 8 and HUD-insured property transactions, and AHA S42 for Low-Income Housing Tax Credit (LIHTC) properties. Additional expertise encompasses nonprofit organizations, partnership interest sales, portfolio sales, Mark-to-Market (M2M), Mark-Up-to-Market (MU2M), ELIHPA/LIHPRHA, RAD, PRAC, state agency financed properties, Rural Development (515)/Rental Assistance, Qualified Contract Process (QCP), and value-add/distressed assets/REO. The company provides complimentary Broker Opinion of Value services for property valuation.

Differentiator

Problem solved

Functional benefit

Brands

• AHA S8: Project-Based Section 8 focus: focuses on the sale of government-subsidized properties, including Project-Based Section 8 and HUD-insured properties.
• AHA S42

Products and services

• AHA S8 Brokerage service line focused on the sale of government-subsidized properties, including Project-Based Section 8 and HUD-insured properties. Targets sellers and buyers of HUD-regulated multifamily assets.
• AHA S42 Brokerage service line specializing in the sale of Low-Income Housing Tax Credit (LIHTC) properties nationwide, combining state and federal program knowledge with local market expertise. Targets LIHTC general and limited partners.
• Dual Platform (AHA S8 + AHA S42) Combined brokerage platform providing clients the ability to buy and sell all property types within the affordable housing industry through a single integrated relationship.
• Broker Opinion of Value Complimentary and confidential valuation service providing property owners with an opinion of value for their affordable housing assets.

Quantifiable outcome

• Over 1,500 affordable housing properties underwritten annually
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• CBRE: Largest global CRE services firm offering investment sales, debt/equity placement, and advisory services with active multifamily and affordable housing capital markets teams. Overlaps with AHA in institutional multifamily investment sales and LIHTC/HUD advisory.
• Colliers: Global CRE services firm with multifamily investment sales practice across the U.S. Provides institutional clients with capital markets and advisory services that overlap with AHA's institutional seller/buyer relationships.
• JLL Capital Markets: Global CRE services firm with a multifamily capital markets practice that handles investment sales, recapitalizations, and structured financing. Overlaps with AHA in larger multifamily and affordable housing investment sales transactions.
• Newmark: AHA's parent company and a top-tier global commercial real estate advisory firm offering capital markets, investment sales, and multifamily services across property types. It serves as both the operating platform for AHA and a broader competitor in multifamily investment sales.
• Cushman & Wakefield: Global CRE services firm with multifamily investment sales and capital markets capabilities. Competes with AHA for institutional multifamily mandates, particularly on the larger portfolio and recapitalization transactions.

Direct peers

• Berkadia: Berkadia is a joint venture between Berkshire Hathaway and Jefferies specializing in multifamily investment sales and mortgage banking, including a significant affordable housing/HUD/LIHTC practice. They are the closest direct competitor to AHA in affordable housing investment sales brokerage.
• Eastdil Secured: Institutional CRE investment banking and capital markets advisor with strong multifamily and structured finance capabilities. Competes with AHA for larger, more complex affordable housing portfolio and recapitalization transactions.
• Marcus & Millichap: Publicly traded CRE investment sales firm with a large multifamily specialty practice that frequently handles apartment portfolio transactions. Competes with AHA for institutional multifamily investment sales mandates, including affordable housing assets.

Regional players

• Northmarq: Privately held CRE investment sales, debt, and equity firm with regional offices nationwide handling multifamily and affordable housing transactions. Competitor for institutional and mid-market multifamily brokerage mandates.

Emerging players

• Walker & Dunlop: Multifamily-focused CRE finance and investment sales firm. While primarily a lender (Fannie/Freddie/Ginnie), its investment sales and brokerage arm increasingly competes for affordable housing transaction mandates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mmaha_1987
• Facebookfacebook.com/Affordable-Housing-Advisors-645376155923756
• LinkedInlinkedin.com/company/affordable-housing-advisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Affordable Housing Advisors