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This article is published on https://www.housingfinance.com/finance/red-stone-equity-partners-closes-its-largest-lihtc-fund_od on. The firm’s latest fund will help finance more than 1,600 affordable homes. Red Stone Equity Partners announced the closing of a $207 million multi-investor low-income housing tax credit (LIHTC) fund, the firm’s largest fund to date. Red Stone Equity—Fund 84 includes investments from 12 different institutional investors, 11 of which are repeat investors. The fund proceeds will be used, along with...

NEW YORK, May 19, 2021 /PRNewswire/ -- Red Stone Equity Partners LLC ("Red Stone Equity" or the "Company"), a privately-owned real estate finance and investment company specializing in affordable multifamily residential funds and financings, announced the closing of Red Stone Equity – Fund 84 Limited Partnership ("Fund 84"), a $207-million multi-investor Low Income Housing Tax Credit ("LIHTC") investment fund. Fund 84 is the 18th and largest Red Stone Equity multi-investor fund offering to close since the Company's inception...

SYNDICATORS DISCUSS THE NEW 4% CREDIT RATE AND THE YEAR AHEAD. This article is published on https://www.housingfinance.com/finance/lihtc-market-looks-for-balance_o