Raymond James Tax Credit Funds is changing its name to Raymond James Affordable Housing Investments (RJAHI) to more accurately reflect the scope of the firm’s expertise and services, announced the company.
RJAHI has grown into one of the largest sponsors of low-income housing tax credit funds since the inception of the housing credit program in 1986. The firm enters its 50th year of service in the industry having invested over $13 billion in equity for more than 2,300 properties across the country.
“For 50 years Raymond James has brought affordable housing to thousands of vulnerable families and individuals in nearly all 50 states,” said Steve Kropf, president and CEO of RJAHI. “While we are changing our name to more accurately reflect the full suite of services and investments we offer our partners, our commitment to serving the community through building or rehabilitating quality housing projects is as strong as ever. We work tirelessly to do things the right way, and it’s a privilege to lead this talented and dedicated team of professionals into the next 50 years of our mission.”
RJAHI is a wholly owned subsidiary of Raymond James Financial (NYSE: RJF). Since 1969, subsidiaries of Raymond James Finance have been among the leading syndicators of affordable housing.
