Led by Kevin P. Costello, Executive Vice President and Director of Institutional Investing, our team works individually with each investor to meet their specific investment requirements and goals. Orix Corp.'s acquisition of Boston Capital low-income housing tax credit fund portfolio is valued at $150 million. These public-private investments provide affordable housing for American families while offering smart investments for corporate and institutional investors. Funding was provided with $7.6 million in low-income housing tax credit from Boston Capital, as well as a $3.3 … Boston Capital was the tax credit syndicator for $6.2 million in Federal Low-Income Housing Tax Credit equity and $3 million State Low-Income Housing Tax credits. Additionally, The … read more, In December 2020, Boston Capital Finance (BCF) announced the closing of $32 million in bond financing […] read more, Boston Capital Finance (BCF) announced the closing of the Spring Villas 2020 Series A bond and […] read more, Boston Capital is investing in the preservation of Woodland North Apartments, a 104-unit apartment community in […] read more, Boston Capital is investing in the construction of two affordable apartment communities in Indiana: SouthPointe Village […] read more, Proprietary Funds for Corporate Investors, Boston Capital Finance Announces $32 Million Bond Closing, Boston Capital Finance Announces $55.2 Million Bond Closing, Boston Capital and King County Housing Authority Team Up to Preserve 104 Affordable Units for Families in Lake Forest Park, Washington, Boston Capital Invests in Two Affordable Apartment Communities for Families in Indiana with RealAmerica Development, Proprietary funds structured for specific corporate investors. The credits, available through the Low Income Housing Tax Credit … Access to Boston Capital's Investor Portal will no longer be available. For more information about Fannie Mae's Low-Income Housing Tax Credit program, visit our LIHTC program website. With over 45 years of affordable housing experience, Boston Capital has the extensive expertise required to ensure the delivery of the expected tax credits while preserving and protecting the assets of our investment partnership. This tax credit program, created as part of the Tax Reform Act of 1986, is currently the federal government’s largest and most successful program for engaging the private sector in the construction and rehabilitation of affordable rental housing. Boston Capital’s success in the low-income housing tax credit (LIHTC) industry is built upon the strength of the long-term, one-on-one relationships with our developer partners. getty. JANEY, Inc. of Boston served as the general contractor for the $14.1 million project. Additionally, according to a report issued by NAHB, the estimated one-year local impact of building 100 multifamily units in a typical tax credit development include: For more information on the LIHTC, please visit www.housingadvisorygroup.org. The low-income housing tax credit does seem to be a fiendishly complex way to support affordable housing, but it is what we have and there does not seem to be a better solution on the … Effective 12/15/20, Boston Financial Investment Management ('BFIM') acquired Boston Capital's low-income housing tax credit ('LIHTC') portfolio. The LIHTC industry creates and supports nearly 96,000 jobs annually. only source of low-income housing credits is from their Boston Capital Investement, are no longer required to complete or file Form 8586. Boston Financial Investment Management (Boston Financial) is a national leader in the Low-Income Housing Tax Credit (LIHTC) industry, with a proven track record … Access to Boston Capital's Investor Portal will no longer be available. Last month, Alliant Capital closed a $65 million low-income housing tax credit fund and in May WNC closed a LIHTC Fund with $90 million in equity investments. Today, Boston Capital works with more than 100 institutional investors in the LIHTC arena. We participated in the development of the federal tax credit program 30 years ago and have been investing in LIHTC properties ever since. The National Multi Housing Council (NMHC) recognized Boston Capital, the Boston-based real estate investment firm founded by Jack Manning in 1974, as one of the largest owners/syndicators of apartments in the country. With over 45 years of affordable housing experience, Boston Capital has the extensive expertise required to ensure the delivery of the expected tax credits … "The COVID-19 pandemic has amplified the affordable housing … Boston Financial is a … Boston Capital's investor services team will continue to service and support our current Tax Credit … National Institutional Investments. Boston Financial Investment Management. Since inception in 2010, HCP has raised over $2.2 billion in tax credit … Boston Financial Investment Management has entered into an agreement to acquire Boston Capital’s low-income housing tax credit (LIHTC) fund portfolio, announced ORIX Corp., the … Form 8582-CR … The credit is reported directly on Form 3800. Boston Capital Corp. funds invest in low- and moderate-income housing programs to take advantage of housing tax credits. Click on the following links for information on the Community Reinvestment Act requirements: The LIHTC has benefited local economies with more than $3.5 billion in taxes and other revenues since 1987. In December 2020 Boston Capital sold substantially all of their low income housing tax credit (LIHTC) portfolio to Boston Financial Investment Management. Private developers of affordable rental housing projects are awarded the 10-year tax credit … Boston Financial Investment Management (Boston Financial) is a national leader in the low-income housing tax credit (LIHTC) industry, with a proven track record in syndication services as well as asset … Boston Capital will continue to offer Corporate Tax Credit Funds to institutional investors and our acquisitions and originations departments will continue to secure affordable housing properties for these funds. Boston Financial Investment Management has completed … You will need to use the following forms to report your low-income housing tax credits: Form 8582 (Passive Activity Loss Limitations); Form 8582-CR (Passive Activity Credit Limitations); Form 3800 (General Business Credit). These public-private investments provide affordable housing for American families while offering smart investments for corporate and institutional investors. About Fannie Mae Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. Liquidated Boston Capital Tax Credit … Banking regulators recognize that the program provides institutions with another avenue to meet their Community Reinvestment Act (CRA) requirements. Investments in low-income housing tax credit (LIHTC) properties have an impact on your financial statements and on the community as well. Boston Financial Investment Management ("BFIM") is acquiring Boston Capital's low-income housing tax credit ("LIHTC") portfolio. Welcome. Our programs include: Our development and operating partners come back to us. The Low Income Housing Tax Credit (LIHTC) was created by Congress under Section 252 of the Tax Reform Act of 1986 to promote the construction and rehabilitation of housing for low income persons. Each of the nearly 100 … The LIHTC has financed more than 3 million affordable rental apartments since 1987. Effective 12/15/20, Boston Financial Investment Management ('BFIM') acquired Boston Capital's low-income housing tax credit ('LIHTC') portfolio. Boston Financial has invested over $13.1 billion of equity in LIHTC properties since 1986 and currently manages a $15 billion portfolio comprising over 2,300 properties, making Boston … Boston Financial Completes Boston Capital Acquisition The firm’s equity under management nearly doubles to $15 billion. Please direct all requests for information and questions regarding Boston Capital Tax Credit Fund IV and Boston Capital Tax Credit Fund V to InvestorServicesPublicFunds@BFIM.com or call 1-888-773-1487. The LIHTC Program. King County Housing Authority The King County Housing … The total development cost of our housing portfolio is over $22 billion. This tax credit program, created as part of the Tax Reform Act of 1986, is currently the federal government’s largest and most successful program for engaging the private sector in the construction and rehabilitation of affordable rental housing. Residential district near Columbus Avenue. According to the National Council of State Housing Agencies, approximately 90 percent of all affordable housing is financed annually through the LIHTC. An ORIX Corp. subsidiary, Boston Financial Investment Management, has entered into an agreement with Boston Capital to acquire its low-income housing tax credit fund portfolio, with the … The Low Income Housing Tax Credit (Section 42) has generated very little in the way of conventional tax … We offer Tax Credit Funds designed to provide tax savings through IRS Section 42 tax credits and passive losses generated by investments in affordable housing. To date, the firm has invested in nearly 8,000 affordable apartments in North Carolina. Access to Boston Capital's … Welcome . Boston Financial sponsors investment funds to raise capital to acquire low-income housing tax credits from developers and distribute the credits and other tax benefits to investors. A 104-unit apartment community in Lake Forest Park, Wash., will be preserved and rehabilitated with the help of a low-income housing tax credit investment from Boston Capital. Investments in low-income housing tax credit (LIHTC) properties have an impact on your financial statements and on the community as well. The most efficient financing tool available to develop affordable rental housing is the Low Income Housing Tax Credit (LIHTC). Boston Capital has over four decades of experience in the affordable housing real estate industry. Established by the U.S. Congress in 1986, LIHTC is a tax incentive program designed to promote the supply of affordable rental housing for low-income households. Liquidated Boston Capital Tax Credit … From acquisition to asset management and dispositions, Boston Capital sets the highest standards of due diligence, compliance and oversight on our developments, for the life of each investment. On April 25, 2013, Bob Moss, Chairman of the Housing Advisory Group (HAG) and House Ways and Means Committee Member Pat Tiberi (R-OH) spoke in support of the Low Income Housing Tax Credit (LIHTC) before the House Ways and Means Committee. WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) announced today that since its return to the Low-Income Housing Tax Credit equity (LIHTC) market in 2018, it has provided $1.5 billion of equity … Orix USA is moving its headquarters to the Trammell Crow Center on Ross … Please direct all requests for information and questions regarding Boston Capital Tax Credit Fund IV and Boston Capital Tax Credit Fund V to InvestorServicesPublicFunds@BFIM.com or call 1-888-773-1487. … Since its founding in 1981, … The biggest syndicators of low-income housing tax credits (LIHTCs) are trying to adjust to changes in their business caused by the reform of the U.S. tax code passed by Congress at the end … It is anticipated to close by the end of December. Since 1992, Boston Capital has been sponsoring multi-investor low income housing tax credit funds for institutional investors, who have invested in more than $12 billion … read more, In December 2020, Boston Capital Finance (BCF) announced the closing of $32 million in bond financing […] read more, Boston Capital Finance (BCF) announced the closing of the Spring Villas 2020 Series A bond and […] read more, Boston Capital is investing in the preservation of Woodland North Apartments, a 104-unit apartment community in […] read more, Boston Capital is investing in the construction of two affordable apartment communities in Indiana: SouthPointe Village […] read more, Federal Financial Institution Examination Counci, Office of the Comptroller of the Currency, Boston Capital Finance Announces $32 Million Bond Closing, Boston Capital Finance Announces $55.2 Million Bond Closing, Boston Capital and King County Housing Authority Team Up to Preserve 104 Affordable Units for Families in Lake Forest Park, Washington, Boston Capital Invests in Two Affordable Apartment Communities for Families in Indiana with RealAmerica Development, Financed more than 3 million affordable apartments, Benefited local economies from the addition of $3.5 billion in taxes and other revenues, $10.8 million in additional wages for local workers and profits for proprietors of businesses, $4.2 million in additional taxes for federal, state and local governments, 113 additional jobs, about half of which are in the construction sector. The apartment community will be built with nearly $5.3 million in low-income housing tax credit (LIHTC) equity from Boston Capital. We partner with lenders to create housing … The most efficient financing tool available to develop affordable rental housing is the Low Income Housing Tax Credit (LIHTC). Established by the U.S. Congress in 1986, LIHTC is a tax incentive program designed to promote the supply of affordable rental housing for low-income households. Boston South End aerial view. Hunt Capital Partners (“HCP”), specializes in the syndication of Federal and State Low-Income Housing, Historic and Solar Tax Credits. ( Individuals are no longer required to complete and file Form 8586 (Low-Income Housing Credit). Your financial statements and on the community as well regulators recognize that the provides... 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