Alliant Capital has closed Fund 104, its $130 million low-income housing tax credit fund.
Fund 104 will facilitate the creation and preservation of more than 1,100 units, with 750 specifically designated for seniors and 630 that include a project-based subsidy.
“Creating affordable housing in states where the pandemic is spreading quickly addresses the critical need for this type of support in our current climate,” said Shawn Horwitz, CEO of Alliant Capital. “We remain focused on supporting communities in need across the country.”
The units are spread across 14 separate properties — some in states that were hit hardest by the COVID-19 crisis, including Georgia, Missouri, Virginia, Michigan, Indiana, Texas, Utah and California.
With its low-income housing tax credit program, Alliant’s portfolio now stands at more than $16 billion in assets under management. The firm added more than 5,000 units to its portfolio during 2020.
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