Alliant Capital closes USD175m tax credit fund.
BANKING AND CREDIT NEWS-August 21, 2015-Alliant Capital closes USD175m tax credit fund
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Alliant Capital, Ltd., a privately-held national leading syndicator of low-income housing tax credits (LIHTC), said it has closed USD175 million of Alliant Tax Credit Fund 83. The USD175 million institutional LIHTC fund is comprised of five repeat investors and three new investors. With this closing Alliant's total investor equity now exceeds USD6.3 billion.
The company said there are 16 properties specified in Fund 83 that will provide approximately 2,000 units of affordable housing in 12 states. The properties will be a mix of family and senior properties, including seven scheduled for rehabilitation and nine new construction projects.
Alliant has long-standing experience with a proven track record of a trusted syndicator of low-income housing tax credits helping developers and investors increase efficiencies in the affordable housing market. Alliant has syndicated 91 institutional tax credit funds and has in the aggregate, invested in excess of 800 properties comprising over 80,000 LIHTC units.
Alliant Capital, Ltd. is a trusted syndicator of low-income housing tax credits (LIHTC) that provides financing and equity for affordable multifamily housing throughout the US and its territories.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Aug 21, 2015|
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