News Real Estate April 12, 2023

Connect CRE: Boston Financial Closes $131M National Multi-Investor Fund

Boston Financial has closed a $131 million Low-Income Housing Tax Credit (LIHTC) fund called Institutional Tax Credits 58 Limited Partnership (ITC 58), which looks to create 1,081 affordable homes in 15 communities across nine states.

“Successfully closing this fund in the current economic environment speaks to the extraordinary commitment of our capital partners and the Boston Financial team. ”

– Todd Jones , Senior Vice President and Head of Tax Credit Equity Production
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