Berkadia has closed its $100 million multi-investor low-income housing tax credit (LIHTC) fund. Berkadia Housing Partnership XV 2025 will help finance the development and rehabilitation of 434 affordable housing units across six properties in five states – California, Colorado, Maryland, Rhode Island and Virginia. This national fund demonstrates the continued growth of Berkadia Affordable Housing, the country’s largest originator of Government Sponsored Enterprise (GSE) loans for affordable housing and its fastest growing LIHTC syndication company.
The fund is comprised of six investors from the banking and insurance industries and six experienced nonprofit and for-profit housing developers. The four new construction and two rehabilitation developments will provide housing for families and seniors earning between 30 percent and 80 percent area median income (AMI). The benefits of these developments go beyond the housing itself, offering supportive services to residents an
