Alliant Capital announced the closing of a $105 million low-income housing tax credit (LIHTC) fund.
The firm’s latest fund will help finance the construction or rehabilitation of approximately 1,200 units in 11 properties. Located in nine states, the developments specified in Alliant Tax Credit Fund 85 will be targeted to a mix of families, seniors, and farmworkers.
“Alliant’s continued partnership with developers and investors leads to valuable job creation within the local markets,” said Brian Goldberg, Alliant president, in a statement. “The LIHTC is vital for those who need quality affordable housing, and we are excited to continually collaborate with developers and investors to help local communities.”
Headquartered in Woodland Hills, Calif., Alliant has syndicated more than 85 funds, raised over $6.7 billion in investor equity, and invested in excess of 900 properties comprising over 86,000 LIHTC units.