WOODLAND HILLS, Calif., Aug. 19, 2015 /PRNewswire/ -- Alliant Capital, Ltd. (Alliant), a privately-held national leading syndicator of low-income housing tax credits (LIHTC), announced today that it has closed $175MM of Alliant Tax Credit Fund 83. The $175 million institutional LIHTC fund is comprised of five repeat investors and three new investors. With this closing Alliant's total investor equity now exceeds $6.3 billion. Alliant continues to build longstanding relationships as evidenced by over 70% repeat developers in Fund 83.
There are 16 properties specified in Fund 83 that will provide approximately 2,000 units of affordable housing in 12 states. The properties will be a mix of family and senior properties, including seven scheduled for rehabilitation and nine new construction projects.
Brian Goldberg, president of Alliant Capital, Ltd., said, "We are pleased about closing Fund 83 and the support that it lends to closing the housing affordability gap. The financing of this fund is also a meaningful leap forward for Alliant in raising $6.3 billion in total investor equity -- a strategic milestone that demonstrates the depth and breadth of our experience."
Alliant has long-standing experience with a proven track record of a trusted syndicator of low-income housing tax credits helping developers and investors increase efficiencies in the affordable housing market. Alliant has syndicated 91 institutional tax credit funds and has in the aggregate, invested in excess of 800 properties comprising over 80,000 LIHTC units.
About Alliant Capital, Ltd.
Alliant Capital, Ltd. is a trusted syndicator of low-income housing tax credits (LIHTC) that provides financing and equity for affordable multifamily housing throughout the U.S. and its territories. Founded in 1997, Alliant has syndicated more than 91 funds, raised over $6.3 billion in investor equity, and invested in excess of 800 properties comprising over 80,000 LIHTC units. Alliant is headquartered in Woodland Hills, CA.
Alliant Capital, Ltd.
21600 Oxnard Street, Suite 1200
Woodland Hills, CA 91367
SOURCE Alliant Capital, Ltd.