A leading tax credit firm focused on affordable housing announced it has closed on a $65 million low income housing tax credit (LIHTC) fund aimed at creating hundreds of new units in states that are among the hardest hit by the coronavirus.
Alliant Capital announced this month that it has closed on Fund 103, which will facilitate the creation of 650 units for seniors and families in states including Arizona, Texas, North Carolina and Florida.
"Creating affordable housing in states where the pandemic is spreading quickly addresses the critical need for this type of support in our current climate," Shawn Horwitz, Alliant Capital's CEO said in a statement announcing the move. "We remain focused on supporting communities in need across the country."
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Max Mitchell
Max Mitchell is ALM's Regional Managing Editor for The Legal Intelligencer, New Jersey Law Journal, Delaware Business Court Insider and Delaware Law Weekly. Follow him on Twitter @MMitchellTLI. His email is [email protected].
