Markets

Firm Closes $65M Tax Credit Fund to Boost Affordable Housing in COVID-Hit Markets

A main tax credit history organization centered on cost-effective housing announced it has closed on a $65 million minimal earnings housing tax credit (LIHTC) fund aimed at developing hundreds of new units in states that are between the toughest hit by the coronavirus.

Alliant Money announced this thirty day period that it has closed on Fund 103, which will aid the creation of 650 units for seniors and households in states including Arizona, Texas, North Carolina and Florida.

“Creating cost-effective housing in states in which the pandemic is spreading speedily addresses the significant need to have for this type of support in our current local climate,” Shawn Horwitz, Alliant Capital’s CEO stated in a statement saying the transfer. “We keep on being centered on supporting communities in need to have across the region.”

Originally pursuing the financial downturn that resulted from the coronavirus pandemic, some LIHTC firms decided to

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