FOR IMMEDIATE RELEASE
Hunt Capital Partners, LLC Closes $117.7 Million Tax Credit Fund
LOS ANGELES,May 26, 2016 – Hunt Capital Partners, LLC (“HCP”) announced the closing of Hunt Capital Partners Tax Credit Fund 20, LP (“HCPTCF 20”), a $117.7 million tax credit equity fund comprised of 16 affordable housing properties located in nine states. Eleven of the fund’s properties are available for families with the remaining five properties for seniors.
“The hallmark of HCPTCF 20 is the creation and preservation of affordable housing for thousands of residents across the country,” said Jeff Weiss, president of HCP. “Through this transaction, more than 1,200 units will be available to residents who make at or below 60 percent of their area’s median income. None of this would have been possible without our investors and development partners.”
Six institutional investors participated in HCPTCF 20,representing the financial and insurance sectors. HCPTCF 20 closed on May 13, 2016.
About HuntCapital Partners
Hunt Capital Partners (HCP) is the syndication division of Hunt Companies, Inc. (Hunt). HCP specializes in the syndication of Federal and State Low-Income Housing, Historic and Solar Tax Credits. Since the successful launch of its first fund in the fall of 2011, HCP has raised over $1.4 billion in tax credit equity. Founded in 1947, Hunt is a privately held company that invests in businesses focused in the real estate and infrastructure markets. The activities of Hunt’s affiliates and investees include investment management, mortgage banking, direct lending, loan servicing, asset management, property management, development, construction, consulting and advisory. For more information on Hunt Capital Partners, please visit www.huntcapitalpartners.com, or for Hunt Companies, please visit www.huntcompanies.com.
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