Meridian Investments Closes $87.5 Million R4 Capital Institutional Low Income Housing Tax Credit Fund II
PR Web |
“The diversified geographic LIHTC portfolio supports opportunity while bringing private sector market discipline that makes it an efficient means of creating new affordable housing,” said Meridian Chairman
“The Low Income Housing Tax Credit is widely considered to be the most effective affordable rental production program in the history of the nation, yet it accounted for just 3.3 percent of all federal housing expenditures in FY 2012, and just 4.3 percent of all federal tax expenditures,” explained
Meridian Investments specializes in public-private institutional tax credit products, including low income housing, new market credits, wind energy tax credits, solar energy credits, renewable energy and many government-sponsored private sector partnerships. Meridian’s client and advisory engagements include major money center banks, insurance companies, utilities and leading high technology and software companies including
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