Alliant Capital, a subsidiary of Walker & Dunlop, has successfully closed two Section 42 Housing Tax Credit Investment Funds, raising a total of $281 million in equity investments with support from 13 investor partners and 17 developer partners. These funds are projected to have an economic impact of $414 million, creating over 2,000 jobs and bringing in approximately $51 million in local tax revenue.
The funds encompass 23 properties located across the United States including new construction projects as well as extensive rehabilitation projects that will incorporate eco-friendly features such as sustainable design elements and LEED Platinum-rated buildings along with water-conscious landscaping.
These funds will also provide community services like resident health and wellness programs; educational courses; financial literacy classes; food pantries for hardworking individuals or families who need affordable housing assistance – all designed to benefit those most at risk for homelessness or displacement due to rising rental costs.
This investment is expected to make a positive contribution towards communities nationwide by providing much needed resources while helping create more livable environments through improved infrastructure development initiatives.
