LOS ANGELES, Sept. 10, 2019 – Hunt Capital Partners announced the closing of a $123.46 million national low-income housing tax credit (LIHTC) multi-investor fund, referred to as Hunt Capital Partners Tax Credit Fund 31 (Fund 31). The fund is investing in the new construction and renovation of twelve multi-family and three senior housing developments located across six states.

Upon completion, these properties will provide 1,155 apartment homes, including 21 tribal units, and many will offer supportive services to the tenants. Fund 31 closed in July 2019 with nine repeat investors and one new investor partner. Community Reinvestment Act investor partners contributed about 50 percent of the fund equity.

“Our team continues to be very successful creating value for our partners by linking debt and equity opportunities together to attract investors,” said Hunt Capital Partners President Jeff Weiss. “We have closed a total of $225 million in LIHTC equity financing to date in 2019.”

Hunt Capital Partners has also closed one new proprietary account and expanded existing proprietary funds with JPMorgan Chase, BBVA and Citi Community Capital for a total of $86 million through July 31. Additionally, Hunt Capital Partners closed $25.6 million in state tax credits.

Today, Hunt Capital Partners manages a total of nine multi-investor funds and 16 proprietary investor funds and has raised over $1.9 billion in tax credit equity since the closing of its first fund in 2011.

About Hunt Capital 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 $1.9 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 investors 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