RBCCM’s Tax Credit Equity Group Closes $65.6 Million California Fund

RBC Capital Markets Tax Credit Equity Group recently announced the closing of RBC Tax Credit Equity California Fund–5 with total tax credit equity of $65,676,225. The Fund consists of federal LIHTC equity and federal Historic Tax Credit equity. The Fund is comprised of investments in six LIHTC eligible multi-family apartment communities located throughout California, representing 707 affordable homes in Fullerton, San Francisco, Los Angeles, Vallejo, Sacramento and West Hollywood.