Stratford Capital Group announced the closing of a $100 million low-income housing tax credit fund featuring affordable housing properties in 13 states.
Stratford Fund XV will help finance the development of 18 properties with more than 2,000 affordable apartments for families and seniors. Eight institutional investors are involved in the fund.
The fund’s investments are anticipated to create more than 2,440 temporary and more than 640 permanent jobs.
Stratford Capital is a privately owned national real estate investment and development firm, with a particular focus on affordable rental housing, with offices in Boston and Vienna, Va. The firm’s multifamily rental housing portfolio consists of more than 15,000 apartment units located in 28 states and the District of Columbia.