Affordable Housing Finance: Boston Financial Fund to Support 1,081 Affordable Homes

Boston Financial has announced the closing of a $131 million low-income housing tax credit (LIHTC) fund, its first multi-investor fund of the year. Boston Financial Institutional Tax Credits 58 (ITC 58) will deploy capital across 12 developer partnerships, supporting 1,081 homes.

“Successfully closing this fund in the current economic environment speaks to the extraordinary commitment of our capital partners and the Boston Financial team. We are thrilled with the outcome and extremely grateful to our investor and developer partners for staying the course and helping us deliver on our collective vision of creating a future where everyone has a home, one investment at a time.”

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