RBCCM’s Tax Credit Equity Group Closes $116 Million National Fund

RBC Capital Markets Tax Credit Equity Group announced the closing of the RBC Tax Credit Equity National Fund-29 with total tax credit equity of $116,012,401. The Fund consists of $110.4 million of LIHTC equity and $5.6 million of Georgia State LIHTC equity.  The Georgia State LIHTCs were sold as separate units to a single institutional investor. This represents RBCCM-TCEG’s first national multi-investor fund closing in 2019. The Fund is comprised of investments in 15 LIHTC eligible multifamily and senior apartment communities representing 1,253 affordable homes in 11 states. A detailed map of the Fund properties is available here.