Boston Financial Ranked #1 Syndicator of Affordable Housing For Three Consecutive Years By NMHC
Boston Financial, one of the oldest and largest syndicators of Low-Income Housing Tax Credits (“LIHTC”) in the U.S., has been ranked as the largest LIHTC multifamily housing syndicator for the third consecutive year by National Multifamily Housing Council (NMHC). The annual ranking highlights the country’s largest apartment owners, managers, developers, builders, and syndicators.
“At Boston Financial, we take great pride in our work and in the difference that it makes in communities across the country,” said Greg Voyentzie, CEO of Boston Financial. “It is a privilege to lead this team, and to be recognized by NMHC for three consecutive years as the largest tax credit syndicator in the business. It not only shows our commitment to our mission but is a true testament to the unwavering commitment of Boston Financial and the confidence our clients have placed in us as a trusted partner.”
As of April 2023, Boston Financial counts nearly 170,000 rental homes in 2,000 communities across all 50 states in its portfolio. Many of these communities provide essential wraparound services such as job placement, access to healthy food, social services, veterans’ services, and more. These are developments like LAMP Lodge, a new 82-unit affordable housing community in Los Angeles built by Meta Housing Corporation, which will provide permanent supportive housing for homeless, chronically homeless and individuals with special needs. Located at the heart of Los Angeles’ homeless crisis, this community features a host of amenities including a community kitchen, a community garden, and planned supportive services that will help to create a holistic environment supporting the wellness of residents.
Since the beginning of the LIHTC program in 1986, Boston Financial has worked with over 200 investors to preserve or build over 360,000 affordable homes. This #1 ranking follows the firm’s best year to date in 2022, with nearly $1.4 billion in LIHTC equity closed.
This year marks the 34th edition of the annual NMHC Top 50 lists developed in partnership with Kingsley Associates, a leading real estate research and consulting firm. Syndicators, apartment owners and managers are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2023, while developers and builders are ranked based on the number of units launched in 2022.
About Boston Financial:
Founded in 1969 and acquired by ORIX Corporation USA in 2016, Boston Financial is the largest Low Income Housing Tax Credits (“LIHTC”) syndicator in the country, managing a $16.2 billion portfolio comprising over 2,100 properties. Boston Financial’s vision is to create a future where everyone has a home, one investment at a time.
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