Preservation

Largest Private Sector Commitment to Preserving Affordable Housing

America is facing a serious shortage of affordable housing. Properties are leaving the LIHTC program faster than they are being built. April Housing is working hard to do something about it. We’ve made the single largest private sector commitment to preserving affordable housing, ensuring tens of thousands of residents continue to have high-quality, affordable housing.

“With our resyndication program, we are able to prevent affordable housing units from converting to market-rate. These properties will remain affordable for at least another 30 years, while the residents benefit from significant unit and community improvements.”

— Perica Bell, April Housing’s Head of Preservation

April Housing is on Track to Being the Largest Preserver of Affordable Housing in the Country

In the affordable housing sector, “preservation” means renewing a property’s subsidized status rather than converting units to market-rate. Our communities operate under the Low-Income Housing Tax Credit (LIHTC) program, which restricts rents to maintain affordability. Without ongoing owner commitment, many properties would transition to market-rate housing as their restrictions expire. Working with local agencies, public finance partners, and nonprofits, we are preserving affordability for at least another 30 years. Through resyndication—applying for new tax credits—we ensure these communities remain accessible and affordable for the residents who rely on them.

Improving Our Communities

Since 2024, April Housing has invested more than $230 million in improvements and renovations to enhance our communities and individual units.

Community improvements include expanded accessibility features and renovations that enhance the day-to-day resident experience across both common areas and individual units. Upgrades include stainless steel appliances, quartz countertops, new flooring, fresh paint, updated bathrooms, roof replacements, structural and façade repairs, and new amenities and green spaces where residents can gather.

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Press Releases

April Housing Investing More Than $25 Million in Community-Wide Renovations at Northern Virginia Affordable Housing Property

July 13, 2026 No Comments

April Housing is investing more than $25 million to renovate 248 affordable homes in Northern Virginia and preserve affordability for another 50 years.

Press Releases

April Housing Extends Affordability for 30 Years at Houston-Area Property for 250 Families

July 1, 2026 No Comments

April Housing announced that it has closed a resyndication of a Houston-area affordable housing family property, which will extend affordability for an additional 30 years ...

Press Releases

April Housing and the Housing Authority of the City of Austin (HACA) Celebrate the Grand Reopening of Three Newly Renovated Affordable Housing Communities in Austin

April 23, 2026 No Comments

April Housing and HACA reopened three renovated affordable housing communities in Austin, adding 650+ updated homes and extending affordability for 30 years.