Alliant Capital has closed a $175 million low-income housing tax credit (LIHTC) fund.
The national LIHTC syndicator teamed with five repeat investors and three new investors on Alliant Tax Credit Fund 83.
Sixteen properties are specified in the fund. Located in 12 states, the developments will be a mix of family and senior properties, including seven scheduled for rehabilitation and nine new construction projects. They will provide approximately 2,000 units of affordable housing.
“We are pleased about closing Fund 83 and the support that it lends to closing the housing affordability gap,” said Brian Goldberg, president of Alliant Capital, in a statement.
With this closing, Alliant’s total investor equity exceeds $6.3 billion.
Headquartered in Woodland Hills, Calif., Alliant has syndicated 91 institutional tax credit funds and has invested in more than 800 properties comprising over 80,000 LIHTC units.