RBC Capital Markets’ Tax Credit Equity Group announced the closing of a $149.5 million low-income housing tax credit fund.

National Fund 15, which includes investments from five financial institutions, consists of 19 affordable housing tax credit communities in 14 states. These investments will result in 1,371 affordable homes and create an estimated 1,621 jobs in these communities.

RBC Capital Markets Tax Credit Equity Group has raised nearly $4 billion of equity for affordable, historic, and New Markets developments.