Boston Financial announced the closing of Boston Financial Institutional Tax Credits 58 Limited Partnership (ITC 58), a $131 million LIHTC fund. The fund is Boston Financials’ first LIHTC multi-investor fund closing of this calendar year with nearly $1.4 billion in LIHTC equity closed. The fund will provide capital for both new construction and the preservation of existing affordable housing properties in 15 communities across nine states: California, Kentucky, Louisiana, Massachusetts, Maryland, Maine, New Jersey, Pennsylvania and Texas. Nearly 70 percent of the properties will bring affordable homes to majority Black, Indigenous and other people of color (BIPOC) communities, and several properties will have units designated for veterans, seniors, persons with physical and mental disabilities, as well as formerly unhoused people.