LOS ANGELES, Calif., February 15, 2024 – Hunt Capital Partners (HCP) has announced the ownership transfer of two low-income housing tax credit (LIHTC) properties to housing authority partners and affiliates. The affordable housing communities, known as Retama Village and Guste I, have provided homes for 210 low-income families in Texas and Louisiana.

The strategic move signifies the joint effort between HCP and its partners to find a meaningful solution that allows housing authorities to continue to provide housing solutions for their residents.

• Retama Village in McAllen, Texas, is an affordable housing complex built in 2008 that offers a mix of one-, two-, and three-bedroom housing options for 128 low-income families earning up to 30% and 60% of the area median income (AMI). Ownership of the Investor Limited Partner and Special Limited Partner interests were transferred to an affiliate of the McAllen Housing Authority.
• Guste I in New Orleans, Louisiana, is an affordable and public housing community that represents the first phase of the Housing Authority of New Orleans’ (HANO’s) HOPE VI redevelopment plan. The property was constructed in 2007 and provides a mix of 82 two- and three-bedroom garden and townhome options for low-income families earning up to 60% of the AMI. The interest ownership was transferred to HANO.

"We are pleased to have been able to transfer the ownership of these properties to the McAllen and New Orleans Housing Authorities,” said HCP President Jeff Weiss. "The transactions will allow the authorities to continue to provide affordable housing and services to their residents."

The ownership transfers are a testament to HCP’s commitment to affordable housing and its willingness to facilitate a mutually beneficial closing process. Continued access to affordable housing extends beyond providing a home; these developments enable vulnerable families to manage household costs more effectively, freeing up resources for other essential needs such as food, healthcare, and education.

Environmental Social and Corporate Governance (“ESG”) Investing

Hunt Capital Partners recognizes that its institutional investors are seeking to increase the social value of their investments to help further their ESG initiatives. An investment in affordable housing not only improves the living conditions of its residents, but it also helps to remove obstacles that stand in the way of creating a healthy, safe and stable home environment for low-income families and seniors. When families spend less on housing related expenses, they have more resources available for other essentials such as food and clothing, or even extracurricular activities and educational programs. One of the most significant benefits to providing quality affordable housing is an increase in an individual’s physical and mental health. Hunt Capital Partners’ affordable housing investments create a lasting effect on the people and communities they serve for generations to come. 

About Hunt Capital Partners

Hunt Capital Partners (HCP) is the tax credit syndication division of Hunt Companies, Inc. (Hunt). HCP specializes in the sponsorship of Federal and State Low-Income Housing, Historic, and Solar Tax Credit Investments funds. Since its inception in 2010, HCP has raised over $3.3 billion in tax credit equity in over 48 proprietary and multi-investor funds. HCP manages almost 760 project partnerships representing over 75,000 homes in 48 states and territories. 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 investors include investment management, asset management, property management, development, construction, consulting and advisory. For more information on HCP, please visit www.huntcapitalpartners.com, or for Hunt, please visit www.huntcompanies.com.