ORIX Corporation (ORIX) announced that Boston Financial Investment Management (BFIM), a wholly owned subsidiary of ORIX, has entered into an agreement with Boston Capital to acquire its LIHTC fund portfolio. The purchase of Boston Capital’s portfolio will nearly double BFIM’s portfolio to $15 billion. Historical LIHTC performance has remained stable during past economic downturns, and ORIX views the LIHTC business as one that shows projected growth, even during the economic uncertainty of the COVID-19 pandemic.
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