Boston Capital has announced the closing of a $260 million low-income housing tax credit (LIHTC) fund that features 32 affordable housing communities in 15 states.
Boston Capital Corporate Tax Credit Fund XLIII includes 22 properties for families and 10 properties for seniors.
"We feel good about continuing to serve the needs of our developer and investor partners during uncertain times surrounding tax reform," said Jack Manning, president and CEO of Boston Capital, in a statement. "Using our expertise and experience to help meet the growing housing needs for American families, seniors, and veterans across the United States, we will continue to strive to achieve the best results in the marketplace by providing superior investment opportunities and teaming with the finest developer partners."
The properties acquired by Fund XLIII add an additional 2,514 apartment units to Boston Capital's holdings. Since January 2016, Boston Capital has raised $655 million in equity. The LIHTC syndicator and real estate investment firm is preparing to launch Corporate XLIV, a $150 million fund in the second quarter of 2017.
