LEDIC has evolved with markets, legislation, and resident needs, to become one of the largest multi-family affordable and workforce housing property owners, managers, and redevelopers in the country. With almost 40 years contributing to the affordable housing sector, LEDIC’s success stems from our commitment to what we like to call the “business of community”.
Our resident turnover rates are below the industry average, thanks to our comprehensive approach to innovative community-building, regulatory compliance, strategic geographic deployment, and strong partnerships.
Our sharp sense for future trends and forward-looking strategies allowed us to see that the end of the Low Income Housing Tax Credit (LIHTC) program compliance period would cause a major industry shift. Once LIHTC compliance periods expired, properties would become devalued and developers would seek to divest themselves of the assets. Today, developers are looking for financially sound ways to divest of their now burdensome properties. There are approximately 900,000 units scheduled to have affordability restrictions or HAP contracts with expiration dates over the next 10 years, financed by LIHTCs or subsidized under Section 8.
LEDIC recognized the market potential of this opportunity thirty years ago and is ready to leverage our expertise and fully integrated infrastructure on these assets to consistently deliver superior performance and financial results for our clients, and stability for our residents and partners.
When you work at LEDIC, you work for a leader. The culture inspires your best as a professional and as an individual. Thank you for your interest in joining the LEDIC team, where we do well by doing good.
With one of the lowest resident turnover rates in the industry, LEDIC is recognized in the multifamily affordable housing business as a frontrunner in training and accreditation for our employees, as well as the industry at large.