Raymond James Tax Credit Funds (RJTCF), a leading national sponsor of affordable housing, recently syndicated its largest multi-investor fund.
The $279 million Raymond James Tax Credit Fund 41 is financing the construction or rehabilitation of 2,296 units in 40 housing projects across 18 states and will provide affordable housing to low-income families and seniors. These communities will provide quality housing for approximately 6,400 low-income individuals, announced the St. Petersburg, Fla.-based firm.
“As our largest-ever syndicated fund, Fund 41 demonstrates our continued commitment to provide quality, affordable housing to communities in need,” said Steve Kropf, president and CEO of RJTCF, in a statement. “Demand for these funds and the housing they provide is growing, and we will continue to work with our developer and investor partners to develop and improve housing options in neighborhoods across the country.”