Alliant Capital has closed its Fund 103, a $65 million low-income housing tax credit fund that will facilitate the creation of nearly 650 units for seniors and families in states that are among those hardest hit by the coronavirus pandemic.
Those states include Arizona, Texas, North Carolina and Florida.
“Creating affordable housing in states where the pandemic is spreading quickly addresses the critical need for this type of support in our current climate,” said Shawn Horwitz, CEO of Alliant Capital. “We remain focused on supporting communities in need across the country.”
Alliant Capital has provided housing for more than 400,000 low-income families, seniors and veterans throughout the United States. Consisting of more than 1,000 properties under the low-income housing tax credit program, Alliant’s portfolio now exceeds $16 billion in assets under management since the company’s inception in 1997.