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Greystone raises $137M for second LIHTC multi-investor fund
The fund targets 1,960 affordable housing units across 20 properties in nine states and brings Greystone’s multi-investor LIHTC equity past $240 million.
HousingWire reports that Greystone Real Estate Capital has raised $137 million for its second multi-investor Low-Income Housing Tax Credit, or LIHTC, fund in less than a year.
The new fund is set to finance 20 properties across nine states, targeting 1,960 affordable housing units. Greystone said it brought in three existing institutional investors and five new investors, pushing total multi-investor LIHTC equity to more than $240 million.
According to HousingWire, the firm’s first fund closed in August 2025 at a value of $103 million and supported 11 projects across Louisiana, Massachusetts, Mississippi, New Jersey, Ohio, and Pennsylvania, totaling 959 units.
HousingWire also notes details of the latest portfolio allocation, including that 60% of the developments are new construction and 40% are rehabilitation. The firm said 84% of its equity went to repeat developers, while 80% of properties include project-based rental subsidies, and residents average 56% of area median income.