Alliant Capital Closes Two Tax Credit Funds Totaling $281 Million in Equity Investments
- Alliant Capital raises $281 million in equity investments and projected to make a combined $414 million economic impact
- Funds will create over 2,000 jobs and bring in $51 million in local tax revenue
- Alliant Capital's portfolio exceeds $14 billion in assets under management and has provided housing for over 400,000 low-income families, seniors, and veterans
- None.
BETHESDA, M.D.--(BUSINESS WIRE)--
Alliant Capital, a Walker & Dunlop, Inc. company, announced today the closing of two Section 42 Housing Tax Credit Investment Funds that together raised
Combined, the funds are composed of 23 properties in 13 states throughout the country. The communities range from new construction to existing properties set to go under extensive and substantial rehabilitation. Additionally, many properties will also include "green" features focusing on sustainability through eco-friendly design, LEED Platinum-rated buildings, and water-conscious landscaping.
"I am thankful to our investor partners and developer partners who made it possible for Alliant to raise two of our largest multi-investor funds to date," said Katie Balderrama, executive vice president and group head at Alliant. "During this unprecedented inflationary environment, addressing our nation's housing affordability crisis has never been more critical. At
The funds will provide community services such as resident health and wellness, education and life skills, and essential services. Additional programs include financial literacy courses, food pantries, and after-school and meal delivery programs. Finally, case management, substance abuse treatment, counseling, and referrals to additional services are provided at no cost to the residents.
"Both funds demonstrate Alliant's commitment to ensure that affordable properties are catalysts for change and highlight the opportunity we have to make a difference by creating affordable housing," said Drew Foster, managing director of Investor Relations at Alliant Capital. "Each unit that is created or renovated by this fund will directly impact the life of a family and enhance their community."
In a record-breaking first half of 2023, Alliant closed 32 projects with 3,606 units, totaling over
Alliant Capital, a Walker & Dunlop company, is the nation’s eighth largest LIHTC syndicator. Today, Alliant Capital's portfolio exceeds
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
Upcoming Walker & Dunlop Events
Zelman & Associates 2023 Virtual Housing Summit (September 18-21) is universally deemed the premier housing-related conference in the industry. Hear thought-provoking C-Suite panel insights and a comprehensive immersion into all aspects across the housing mosaic. With attendance of 1000+ Institutional Investors and Industry Executives, the Summit will guide you into 2024 and beyond. To learn more or register, please visit the following link.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230912734292/en/
Investors:
Kelsey Duffey
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Media:
Nina H. von Waldegg
VP, Public Relations
Phone 301.564.3291
info@walkeranddunlop.com
Source: Walker & Dunlop, Inc.