Boston Financial announced the closing of Boston Financial Institutional Tax Credits 60 Limited Partnership (ITC 60), a $170 million multi-investor LIHTC fund. Boston Financial secured commitments from six institutional investors for ITC 60, including a mix of regional and national banks and insurance companies, enabling the deployment of capital with 14 affordable housing developers – 30 percent of whom are nonprofit organizations. The fund will provide capital for both new construction and preservation of 1,418 affordable rental homes in 16 communities across 13 states: California, Illinois, Louisiana, Maine, Maryland, Massachusetts, North Carolina, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia and Wisconsin.
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