New Construction in San Antonio, Texas Will Provide Affordable Housing for 280 families

 
WOODLAND HILLS, Calif.Oct. 1, 2019 /PRNewswire/ -- Alliant Capital announces today the closing of an investment in Mesa West, a new housing community in San Antonio, Texas to be developed by Pedcor Investments. The garden-style property will provide affordable housing for 280 low income families.

"Alliant Capital is proud to be a part of the Mesa West project, our tenth affordable housing investment with Pedcor," says Dudley Benoit, Executive Vice President at Alliant Capital. "Our priority as an organization continues to be enabling access to affordable housing across the country, which is made possible through partnerships like this one."

Targeted for completion in the second quarter of 2021, Mesa West marks the fifth development for Alliant Capital in the Bexar County area; providing homes for 735 families as a part of the low income housing tax credit program. To date, Alliant Capital has invested over $340 million in affordable housing developments in Texas totaling over 5,700 units.

About Alliant Capital

Alliant Capital is a leading tax credit (LIHTC) firm focused on providing tax credit syndication for the development and financing of affordable housing, multifamily development, and real estate ownership. Founded in 1997 to assist in America's critical need for affordable housing, today Alliant is among the nation's top syndicators and has an unparalleled track record of success. With offices nationwide and a dedicated, growing team of experienced and well-trained commercial real estate, asset management, legal and tax professionals, Alliant provides the highest level of fully integrated real estate and investment support services.

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Amanda Davis
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(805) 657-8674

SOURCE Alliant Capital, Ltd.

Portfolio will provide affordable housing for seniors and families in Rhode Island, Kansas, Tennessee, Florida, Washington, and California

Woodland Hills, CA – September 16, 2019. Alliant Capital announces today the closing of Alliant Tax Credit Fund 100, a portfolio of seven properties in six states with a fund size of $89 million. The fund includes three properties for seniors and four properties for families.

“This is an exciting day at Alliant Capital,” says Brian Goldberg, the firm’s President and COO. “This fund will create and rehabilitate homes for nearly 1,000 families and seniors. Given the country’s urgent need for affordable housing, an opportunity like this to provide for these communities could not come at a better time.”

The new developments planned within Fund 100 will add over 500 units to Alliant Capital’s asset management portfolio. To date, Alliant Capital has managed over 100,000 units and has raised over $7.5 billion in equity.  

“The recorded rise in homelessness across the country demonstrates just how important low income housing programs are in these communities,” adds Stacie Nekus, SVP of Investor Relations. “Without them, for example, the seniors and families helped by this fund wouldn’t have access to quality, affordable housing.”

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About Alliant Capital

Alliant Capital is a leading tax credit (LIHTC) firm focused on providing tax credit syndication for the development and financing of affordable housing, multifamily development, and real estate ownership. Founded in 1997 to assist in America’s critical need for affordable housing, today Alliant is among the nation’s top syndicators and has an unparalleled track record of success. With offices nationwide and a dedicated, growing team of experienced and well-trained commercial real estate, asset management, legal and tax professionals, Alliant provides the highest level of fully integrated real estate and investment support services.

Media Contacts:
Amanda Davis
Director of Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
(805) 657-8674

Development will provide affordable housing for working families, military, police and firefighters

WOODLAND HILLS, CA – September 16, 2019 - Alliant Capital is pleased to announce the closing of its proprietary investment in Patriot Park. Developed by the non-profit Plano Housing Corporation, the multi-family community will consist of 139 housing units for working families including veteran military, police and firefighters in Plano, Texas. The investment of over $13 million in total equity will produce $15 million in low income housing tax credits.

“We are proud to invest in this impactful development,” says Jen Erixon, SVP of Originations at Alliant Capital. “Quality affordable housing within reach of veterans, teachers and first responders is critical. When families can live in the place they serve, it strengthens the entire community. We’re so grateful for Plano Housing Corporation’s leadership and to all of our financing partners.”

Construction on the development commences this year and will have three and four-story buildings with a community center. Other amenities will include a swimming pool and deck, BBQ area, and storage units.  The community center itself will promote a sense of gathering for the residents of Patriot Park with its business room; equipped with computers, community room with TV area, open kitchen and eating bar, yoga room, and fitness room with cardio equipment and a common laundry facility.

“Developments like this are the reason we’re here,” adds Shawn Horwitz, Alliant’s owner and CEO. “When we’re able to provide housing for people who served their community, our country, and their families, it reinforces why I started this company over 20 years ago.”

The project is expected to be completed in February 2021 and will add 139 units to the Alliant Capital apartment portfolio. To date, Alliant Capital has invested over $300M in nearly 5,500 units in Texas.

Media Contacts:
Amanda Davis
Director of Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
(805) 657-8674

 

Alliant Capital, Ltd. closed its latest $175MM multi-investor Low-Income Housing Tax Credit (LIHTC) fund.

WOODLAND HILLS, Calif. – 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.

Would low-income housing tax credit (LIHTC) prices reach an overall average of $1?

They’ve been inching pretty close to that lofty mark this year. A mid-year survey of 17 syndicators finds they paid an average of 97 cents per dollar of credit in the second quarter, up from 94 cents at the end of 2014.

“The competition for 9% deals, regardless of their location, has been fierce,” says Tony Bertoldi, executive vice president, syndication and investor relations, at City Real Estate Advisors. “Negotiations with developers have taken place over several rounds, and pricing is as high as we have experienced in recent history.”

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