Parcell is an AI-powered site selection platform that helps affordable housing developers find and secure Low Income Housing Tax Credit (LIHTC)-eligible parcels. The platform automatically evaluates sites against current state guidelines, providing instant scoring on tax credit potential, zoning, and property information to replace manual research. It enables developers to evaluate hundreds of opportunities quickly and beat competitors to high-scoring locations.
Funding
Funding not disclosed
Founders
Product
Problem
Affordable housing developers face a time-consuming and costly manual process when searching for sites eligible for Low Income Housing Tax Credits (LIHTC). Traditional site selection involves hours of labor, guesswork, and high expenses, often causing developers to miss high-scoring opportunities or lose projects to competitors.
Solution
Parcell provides an intelligent, AI-powered search platform specifically designed for LIHTC site selection. The platform uses an interactive map that displays pre-vetted, high-scoring parcels based on current state guidelines, eliminating guesswork and manual evaluation. Developers can instantly access complete LIHTC scoring, zoning details, and property information for any site, then quickly review scoring components and secure top-performing locations under control. The platform evaluates over 100 times more opportunities than manual methods while automatically applying the latest guidelines, significantly reducing both time and cost.
Target Audience
Primary users are affordable housing development firms and top development companies that compete for LIHTC awards and need efficient, accurate site selection to win projects.
Features
- AI-powered interactive map displaying pre-vetted, high-scoring LIHTC-eligible parcels based on state-specific guidelines
- Instant, automated LIHTC scoring for any site, eliminating manual research and guesswork
- Comprehensive property information including zoning data and tax credit potential in a single view
- Automated application of current state guidelines, ensuring scores reflect the latest regulatory standards
- Streamlined workflow from site search through evaluation to property control, helping developers secure high-scoring sites before competitors