Lea & Company

Lea & Company provides Affordable Housing Valuation and Consulting Solutions within the Affordable Housing Industry, presently with three offices located in the Midwest and California. Prior to establishing Lea & Company in 2006, Byron N. Lea, MAI was a Partner with the national accounting firm of Novogradac & Company, LLP. From through 2006, he opened the firm’s Midwest and Los Angeles Valuation Group offices, developing clientele and professional staff. During that time period, he and staff in the two offices performed over 1,400 market studies and appraisal assignments throughout the Midwest and Western States. We provide a wide range of specialized services designed to meet the needs of our clients. The Partners of Lea & Company are experienced in the interpretation of the myriad of rules, regulations and procedures affecting valuation issues within the dynamic affordable housing industry. Our clients include developers, lenders, government agencies, investors, and tax-credit syndication firms. These services include tax credit application market studies and appraisals, lender appraisals, and feasibility consulting. We work extensively with proposed and existing family and senior LIHTC properties, USDA Rural Development properties, Rental Demonstration Program (RAD), and HUD properties including the Mark-To-Market program providing Rent Comparability Studies, and MAP program valuation services. Our work specializes within several programs that have specific reporting requirements that require specialized knowledge both of the program and property type. Our geographic areas of coverage are wide, and we are knowledgeable of reporting procedures for every State Allocating Agency we work with, as each agency has specific requirements for market studies format and presentation style for inclusion with a Low Income Housing Tax Credit (LIHTC) application.