Lincoln Park Plaza · Chicago, IL
work with Affordable Housing Group
Specializing in Affordable Housing Sales Nationwide.
We solely focus on Affordable Housing sales and re-capitalizations, safeguarding rental assistance for current and future generations.
Personalized Hands-on firm
Since 1999
HAP and LIHTC sales
AHG has sold and recapitalized affordable housing nationwide.
Miracle Terrace · Anaheim, CA
Investment sales & advisory
Built for HAP and LIHTC.
Owners hire AHG to price, market, and close Section 8 sales and recaps. Buyers apply to review live offerings.
01 / 06
Owners
Complimentary confidential BOV
HAP contract income, OCAF-adjusted rents, regulatory agreements, LIHTC compliance-period timing, and recapitalization potential — prepared at no cost and with no obligation to list.
02 / 06
Dispositions
Section 8 HAP and LIHTC/bond sales
Full-cycle investment sales: pre-market pricing, a custom offering memorandum, national buyer outreach, and a competitive bid process through HUD, housing-authority, and counsel closing.
03 / 06
Preservation
Recapitalization that keeps rents protected
4% LIHTC/bond preservation, Mark-Up-To-Market, HAP renewal Options 1–6, and nonprofit partnership structure that safeguards project-based rental assistance.
04 / 06
Buyers
Apply to review live offerings
Create an AHG account to access Current Listings. Approved users receive the OM, execute the confidentiality agreement, and enter the due diligence room before submitting an LOI.
05 / 06
Through closing
Stay with you after the PSA is signed
HUD, housing authority, and counsel coordination after most commercial brokers disappear. That process closed Norman Towers two weeks early.
06 / 06
Market intelligence
Nationwide trades, in real time
AHG monitors affordable housing transactions across the country and shares cap-rate context, HAP renewal notes, and closing benchmarks with clients considering a sale, recap, or acquisition.
Benefits of working with National AHG
Your goals become ours.
At our core, we help clients generate and safeguard financial prosperity through cost-effective investment sales and advisory. A national presence and a client-focused method are how we optimize value on affordable housing dispositions and recapitalizations.
Published results
Numbers from HAP and LIHTC assignments already closed.
These figures come from featured AHG dispositions and the team bios on national-ahg.com. Owners use them to underwrite a BOV. Qualified buyers apply for Current Listings to review live offerings.
Choose how to work with AHG-
$2B+
Closed transaction value
John L Nguyen has closed affordable housing transactions valued at over $2 billion.
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103%
of strike price
Lincoln Park Plaza closed at 103% of strike on a published $119,000,000 sale.
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$94M
Norman Towers
East Orange, NJ — 406 units of project-based Section 8, published on national-ahg.com.
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1999
Founded
Affordable housing sales and recapitalizations, nationwide, since 1999.
Need a valuation?
Request a complimentary, confidential broker opinion of value covering HAP income, OCAF rents, and recapitalization potential.
The Leadership Team
Meet our investment advisory team
Whether implementing a strategic marketing process, compiling a comprehensive Asset Valuation, or providing timely market information, every assignment is served by a team of specialized professionals.
John L Nguyen
Founder & Managing Director
CA DRE #01303273As Managing Director of AHG, John brings over 20 years of experience in the affordable market. He has closed transactions valued at over $2 Billion, with hands-on expertise in project-based Section 8, HUD-insured, state agency-financed, and value-add subsidized properties. He evaluates financing structures to deliver tailored solutions for institutional and non-profit clients.
Jesse Elsanhuty
Managing Director
CA DRE #01773542Jesse, Managing Director, has a track record in the affordable industry spanning over a decade. He advises non-profit, for-profit, and institutional owners on strategies that preserve a property’s history and increase its value, and is qualified to assess and sell Section 8 projects in this highly regulated environment.
Brian Luethke
Director
CA DRE #02191657As Director for AHG, Brian holds a B.S. in Economics from The University of Tampa and more than 6 years of Commercial Real Estate Capital Markets experience. He previously held roles in debt sizing and deal execution for the largest national agency lender, and prepares financial analyses and due diligence for the team’s valuation process.
What clients say
Lincoln Park Plaza
Chicago, IL
We were thoroughly impressed by the Affordable Housing Group’s exceptional knowledge and their unparalleled attention to detail… delivering not only the desired price but also a level of service that exceeded our organization’s expectations.
Seller representative · BJB Partners, LLC
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Exceptional knowledge
Exceptional knowledge and unparalleled attention to detail through a complex transaction and market transition.
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Desired price
Their expertise and dedication resulted in delivering not only the desired price.
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Service beyond expectation
A level of service that exceeded our organization’s expectations.
Norman Towers
East Orange, NJ
Most commercial brokers disappear after the PSA is signed; your team was there every step of the way… the reason we were able to close two weeks early.
John Cicchino · Seller · Squiretown Properties
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Beside the seller
Your team was there next to the seller the whole way.
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After the PSA
Most commercial brokers disappear after the PSA is signed; AHG stayed through communications and closing.
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Closed two weeks early
Active involvement after the PSA is why Norman Towers closed two weeks early.
Methodist Towers
Erie, PA
AHG advised that the best path was a 4% preservation rehab with PHFA… conversion from partial HAP property to 100% (136) affordable housing units.
Jim Reim · Seller
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Board wish list
AHG used its resources and experience to deliver on our board’s wish list.
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4% preservation rehab
AHG advised that the best path was a 4% preservation rehab with PHFA, not a failed 9% attempt.
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136 affordable units
Guidance allowed conversion from partial HAP to 100% (136) affordable housing units.
Presbyterian Senior Portfolio
Western PA
They had excellent follow up and kept us in the loop during every step of the listing, marketing, and escrow process… the outcome of the sale exceeded our expectations.
Jim Pieffer · Seller President · Presbyterian Senior Care
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Excellent follow up
Excellent follow up and kept us in the loop during every step of listing, marketing, and escrow.
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Listened to our needs
As a board, we felt confident that the team listened to our needs and understood our primary goals.
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Outcome exceeded expectations
The marketing and transaction was very well done and the outcome of the sale exceeded our expectations.
Miracle Terrace
Anaheim, CA
John identified the optimal buyer that would be able to navigate the political atmosphere and ensure that the goals of the city and HUD were met, as well as our own.
Greg Worchell · Founding Partner · Clear Capital, LLC
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City and HUD complexity
Selling Miracle Terrace meant working with the city, state regulations, and the local housing authority.
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Optimal buyer
Through a customized marketing plan, John identified the optimal buyer for the political atmosphere.
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Favorable for all parties
The transaction closed in a way that was favorable for the city, HUD, and the seller.
Spokane HUD Portfolio
Spokane, WA
From the beginning, John laid out a plan, explained the process, and told us what the final result would be. The process and the final result were pretty much as John outlined.
Chuck Kieffer · President · Central Terrace
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Qualified buyers
They advertised the portfolio, provided offers from qualified buyers, and a comparison sheet of top proposals.
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HUD sales expertise
John continually demonstrated considerable expertise in HUD sales and financing.
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They deliver
They let you know what to expect and they deliver on those expectations.
How AHG works a deal
From BOV to OM to closing — or from NDA to due diligence.
Owners get a complimentary broker opinion of value and a HUD-aware sale or recap path. Qualified buyers apply for an approved account to review Current Listings.
Owners
Complimentary confidential BOV
HAP contract income, OCAF-adjusted rents, regulatory constraints, and recapitalization potential — prepared at no cost.
Dispositions
Section 8 HAP and LIHTC/bond sales
Pricing strategy, offering memorandum, national buyer outreach, and a competitive bid process through closing.
Preservation
4% LIHTC, MUTM, and HAP renewals
Recapitalization pathways that preserve affordability, including Mark-Up-To-Market and HAP renewal Options 1–6.
Next step
Review live offerings, or bring us an asset to sell.
Affordable Housing Group runs two doors on this site: an approved-account listings room for qualified buyers, and a complimentary BOV for owners considering a HAP/LIHTC disposition or recapitalization.
- Current Listings require an approved AHG account, then a confidentiality agreement before OM and due diligence access.
- A BOV does not list the property and does not start a sale.
- Both paths are handled by the Newport Beach team: John L Nguyen, Jesse Elsanhuty, and Brian Luethke.
Questions
FAQs for buyers and owners
How do I review Current Listings?
An approved Affordable Housing Group account is required. Create an account or log in on Current Listings; once approved, you can open live offerings, execute the NDA, and enter due diligence before an LOI.
Why do listings require an approved account and an NDA?
AHG offerings are HAP, LIHTC/bond, and mixed-income assets. Rent schedules, HAP contracts, and other due diligence are shared only with qualified, approved parties after a confidentiality agreement.
I own a Section 8 or LIHTC property. How do I start a sale or recap?
Request a complimentary, confidential BOV. AHG reviews HAP income, OCAF rents, regulatory constraints, and 4% LIHTC / Mark-Up-To-Market pathways. A BOV does not list the property or start a sale.
Is the property valuation really complimentary?
Yes. AHG provides complimentary, confidential valuations covering HAP income, regulatory constraints, and recapitalization potential, with no obligation to list the asset or proceed to a sale.
What asset types does AHG sell?
AHG focuses solely on affordable housing investment sales and recapitalizations: project-based Section 8 / HAP, LIHTC/bond, HUD-insured, state-agency financed, and mixed-income assets nationwide.
Who will I work with?
You work with the Affordable Housing Group team in Newport Beach. Deal work is led by John L Nguyen, Jesse Elsanhuty, and Brian Luethke on HAP, LIHTC, and mixed-income assignments.
Does AHG work outside California?
Yes. AHG sells and recapitalizes affordable housing nationwide. HAP, LIHTC/bond, HUD-insured, and mixed-income assignments are closed from Newport Beach for owners and buyers in every region.
What happens after I request a BOV?
AHG reviews HAP income, OCAF rents, and regulatory constraints, then delivers a confidential BOV. A BOV does not list the property. If you choose to proceed, the team outlines a sale or recap path.
How do I stay on the mailing list for new offerings?
Subscribe to the newsletter on this page for listings, offerings, and affordable housing news. You can also email info@national-ahg.com to stay on the mailing list for new assignments.
Still have questions?
The Newport Beach team replies during business hours.
News
AHG News & Events
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