Richman Group closes new affordable housing tax credit funds totaling $450 million

The Richman Group Affordable Housing Corp. has raised $450 million in new equity financing across three institutional investor funds focused on affordable housing tax credits.

Sponsor inks financing for 4,000 affordable housing units, using $850 million in tax credits

An investment firm has closed financing for $850 million in affordable housing tax credit properties, doing so through a trio of institutional funds.