CREA Closes California Fund for 444 Affordable Homes

CREA LLC announced it successfully closed California Tax Credit Fund 84, LP (Fund 84) totaling $132 million of investor equity, which will finance eight affordable housing developments across the state of California. CREA said the impact made by the new and rehabilitated affordable housing properties represents the creation of 444 homes  

“We continue to be encouraged by the level of appetite from our investors and appreciate their commitment to Fund 84,” said Tony Bertoldi, co-president. “Affordable housing and job creation are vitally important as we emerge from the pandemic; the housing built as a result of this investment is a step in the right direction.”