Publications

Transactions - SEPTEMBER 15, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

ORIX to acquire one of the largest U.S. LIHTC fund portfolios through Boston Capital agreement

by Andrea Zander

Boston Financial Investment Management, a wholly owned subsidiary of ORIX Corporation USA, is to acquire Boston Capital’s low-income housing tax credit (LIHTC) fund portfolio.

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. Private developers of affordable rental housing projects are awarded the 10-year tax credit issued by the federal government via state and territorial governments, if developers meet certain required conditions.

LIHTC syndicators such as Boston Financial and Boston Capital bridge the gap between developers seeking to raise funds by selling tax credits and investors pursuing the tax advantages of the tax credits.

Acquired by OCU in 2016, Boston Financial has established itself as a leader in the LIHTC industry, and today manages a $7.7 billion portfolio comprising more than 1,125 properties and 98,110 units. The purchase of Bosto

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.