Enterprise Community Investment announced the launching of a new low-income housing tax credit (LIHTC) fund that will offer multi-regional pricing and targeted Community Reinvestment Act opportunities at varying yields in a single fund.

Enterprise Housing Partners 24 Fund is unique because it provides investors with tiered returns based on the market, according to Kari Downes, vice president of capital markets.

The benefit is that it provides greater options for investors.This is a new model for Enterprise, which plans to repeat it in 2014.

In the past, the firm has offered national funds with national pricing or funds for a specific region such as California.

The new $143.9 million fund features properties in one or multiple regional markets in the Pacific Northwest, California, the Chicago region, or nationwide excluding those specific regions. In all, the properties will be in about six states.

Twenty-two properties have been identified for the fund, and 13 had closed as of mid-December, including the 51-unit Ballard Apartments in Seattle developed by the Low Income Housing Institute, according to Enterprise. The development marks Enterprise 2,000th deal using LIHTCs.