Raymond James Tax Credit Funds (RJTCF) has completed the syndication of a $195 million low-income housing tax credit (LIHTC) fund to finance the construction or rehabilitation of housing projects throughout the country.
Raymond James Tax Credit Fund 40 is financing the development of 2,202 units in 42 housing projects across 32 states. Each project will make affordable housing available to low-income families and seniors.
“Fund 40 will provide quality housing to thousands of people in need across the country,” said Steve Kropf, president and CEO of RJTCF, in a statement, noting that the developments will benefit their communities for years to come.
A leading national LIHTC syndicator, RJTCF is a subsidiary of Raymond James Financial.