A record number of new investors have recently joined the Affordable Housing Investors Council (AHIC).
With the recent approval by the Board of Governors of an application from BOK Financial, AHIC has welcomed seven new members in 2012.The other institutions are BB&T Bank, Deutsche Bank, M&T Bank, Prudential, Rabobank, and RBS Citizens.
“We are excited that BOK Financial is joining us in our commitment to quality affordable housing,” said AHIC President Leila Ahmadifar. “We are a national organization that benefits from engaging with institutions with business operations and staff from around the country, bringing diverse perspectives and insights. BOK Financial, which encompasses Bank of Arkansas, Bank of Albuquerque, Bank of Arizona, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust, is a welcome addition to our robust roster of important regional financial institutions.”
The influx of new members in 2012 is a reflection of the swings of the low-income housing tax credit market over the last few years and the recognition of the value that AHIC adds to investors, according to the organization.