Boston Financial, the largest syndicator of low-income housing tax credits in the United States, has reportedly closed its $170 million multi-investor LIHTC fund, Boston Financial Institutional Tax Credit 60 Limited Partnership. are. The fund secured commitments from six institutional investors, enabling the deployment of capital to 14 affordable housing developers.
The ITC 60 represents Boston Financial’s parent company, ORIX USA’s continued support for the LIHTC platform, the company said. The fund will provide 1,418 affordable rental housing units in 16 regions across 13 states: California, Illinois, Louisiana, Maine, Maryland, Massachusetts, North Carolina, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Wisconsin. The plan is to provide funding for new construction and preservation.
“ITC 60 is the first new LIHTC multi-fund that Boston Financial has closed since I became CEO in May of this year, and I am very pleased with this successful closing,” said Boston Financial. said Rob Golden, CEO.
Photo: Boston Financial headquarters, 225 Franklin Street, Boston.
