Great Lakes Capital Fund (GLCF) has closed its latest low-income housing tax credit fund, with $128 million raised to support affordable, multifamily housing across the Midwest.
The fund will support 23 deals in Illinois, Indiana, Michigan, Wisconsin, and upstate New York, which represents GLCF’s entire footprint.
Eight investors contributed to Fund 26, including three that are new to GLCF.
Headquartered in Lansing, Mich., GLCF is a housing tax credit syndicator. Its next fund is expected to close in the fourth quarter.