Alliant Capital Closes Two Tax Credit Funds Totaling $281 Million in Equity Investments
12 Setembro 2023 - 7:30AM
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 $281 million in equity investments with
help from 13 investor partners and 17 developer partners. The two
funds are projected to make a combined $414 million economic
impact, create over 2,000 jobs, and bring in $51 million in local
tax revenue.
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 $281
million, these funds will have a major impact on more than a dozen
communities across the country, helping provide safe, quality,
affordable housing and services to hundreds of hard-working
veterans, first responders, childcare workers, and countless others
who represent the heart of our communities."
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 $300 million in gross
equity. These developments will provide essential affordable
housing to individuals and families throughout the United States.
The combined economic impact of these communities is over $1
billion through the combined contribution of apartment
construction, renovation and repair, operations and resident
spending.
Alliant Capital, a Walker & Dunlop company, is the nation’s
eighth largest LIHTC syndicator. Today, 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. Combined with Walker & Dunlop's affordable housing
financing solutions, the partnership is a market-leading affordable
housing platform that addresses the financing, sale, and
preservation of affordable housing nationwide. To learn more about
our capabilities and financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United
States. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
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.
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Investors: Kelsey Duffey Investor Relations Phone
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