$76M Investment Fund to Help Struggling LIHTC-Financed Projects

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$76M Investment Fund to Help Struggling LIHTC-Financed Projects

Tuesday, 01 September 2009 10:10

The credit crunch and the economic crisis sapped the life out of the Low Income Housing Tax Credit (LIHTC) market, but with the closing of a new $76 million investment fund to support affordable housing financed through LIHTCs, National Equity Fund Inc.--an LIHTC syndicator--comes to the rescue for 13 projects that will create 1,000 affordable housing units.