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Boston Financial Successfully Closes $170M LIHTC Fund

Boston Financial Successfully Closes $170M LIHTC Fund

Boston Financial, the largest syndicator of U.S. Low-Income Housing Tax Credits, has successfully closed its latest LIHTC fund. The Boston Financial Institutional Tax Credits 60 Limited Partnership is a $170 million multi-investor fund that received commitments from six institutional investors. This will allow for the deployment of capital to 14 affordable housing developers.

According to Boston Financial’s parent company ORIX USA, this new fund represents their continued support for their LIHTC platform. The ITC 60 fund will provide funding for the construction and preservation of 1,418 affordable rental homes in 16 communities across California, Illinois, Louisiana, Maine,Maryland Massachusetts,North Carolina,Pennsylvania,Rhode Island,Tennessee,Texas,Virginia,and Wisconsin.

CEO Rob Golden expressed his satisfaction with this successful closing as it is the first new LIHTC multi-fund since he took on his role in May earlier this year at Boston Financial headquarters located at225 Franklin St.inBoston.

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