Hollywood, FL -- (SBWIRE) -- 03/10/2015 -- According to Executive Manager of MAN Holdings LLC, Amanda Mayan, "The mission of MAN Holdings LLC is to lead a private initiative to preserve and increase the availability of low income housing while earning an above-market rate of return on our investment."
MAN Holdings LLC focuses on opportunistic and distressed real estate investments that offer highly attractive, risk-adjusted return.
"Our goal as a company is to create a long lasting impact in the communities we are involved with, through purchasing aged and distressed property that will be renovated and brought to improved condition in order to provide an attractive, safe, and comfortable residential environment for our tenants," Mayan said.
According to the 2013 out reach report issue by the National Low income-housing coalition
"For every 100 low income renter households, there are just 30 affordable and available units." - NATIONAL LOW INCOME HOUSING COALITION // OUT OF REACH 2013
"The lack of decent housing affordable to low income households remains a pervasive national issue, affecting every single community across the United States." - NATIONAL LOW INCOME HOUSING COALITION / OUT OF REACH 2013
The initial total cost per new unit for LIHT (low income tax credit housing) is $136,235. "Our business model will have a significant impact on the availability of housing for those who need it most," Mayan stressed. Newly renovated homes will be added to the market at a fraction of the cost of LIHT. This reduced price will allow MAN Holdings LLC to rent units at an affordable and more-profitable level as compared with the construction of new units at an average cost price of above $140,000. While providing affordable residential rentals, MAN Holdings LLC is able to create value and generate above market returns to their partners.
For additional information on MAN Holdings LLC please see http://www.man-holdings.com or contact Amanda Mayan at firstname.lastname@example.org