What is Astoria?

Astoria is your professional advisory service for information on the low-income tax credit program. As a developer of affordable housing, you understand how difficult it is to keep up with every state’s QAP and complete a winning application. Our concentration is Virginia, but we have strong contacts nationwide and are very familiar with programs in Maryland, North Carolina, and South Carolina. Astoria is here to walk you through each step of Virginia’s program for obtaining a tax credit allocation and VHDA multifamily mortgages. Astoria also provides asset management services.

Astoria, LLC real estate development consulting company domiciled in the state of Virginia. Ryne Johnson is a licensed real estate agent with over 25 years of experience in all aspects of the real estate field. Ryne spent 9 years with the Virginia Housing Development Authority, 5 years as an asset manager and 4 years allocating tax credits for the low income housing tax credit program before leaving to work with Alliant Capital for 4 years as a tax credit syndicator purchasing tax credit deals in the Mid-Atlantic States. He has also reviewed NMTC applications for the U.S Treasury Dept.

Astoria focuses on helping for-profit and non-profit developers receive a tax credit allocation by applying our years of experience and contacts in the industry to assemble the most professional team to improve your chances of a successful allocation. Astoria, LLC can save you thousands in legal and accounting fees by compiling project budgets using streamlined communications with syndicators, accountants and lawyers. We also save you money by letting you know when you don’t have a chance of winning credits. How many times have you submitted and application paying thousands of dollars to find out you never had a chance? Astoria’s success is based on helping you sift through the bureaucratic language and giving you the information you need to make the best decision for your development.