Stratford Capital Group announced the closing of a $76 million low-income housing tax credit (LIHTC) fund.
Stratford Fund XI comprises 15 affordable housing properties in nine states. Upon completion, the developments will provide more than 1,500 affordable apartments. The projects will also create more than 1,800 temporary and 450 permanent jobs.
Five institutional investors have invested in the fund.
A LIHTC syndicator, Stratford Capital’s multifamily rental housing portfolio consists of 12,500 units located in 28 states and the District of Columbia.