Massachusetts Housing Investment Corporation (MHIC) excitedly announced the launch of its next Low-Income Housing Tax Credit Equity Fund to provide much-needed capital for new construction and rehabilitation of affordable housing properties across Massachusetts, Connecticut and Rhode Island. According to the announcement, Massachusetts Housing Equity Fund XXVIII LLC (MHEF 28) is anticipated to be a $50 to 75 million fund with a target IRR of 3.75-4.00 percent.
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