Alliant Capital Closes Two LIHTC Funds Totaling $281M

Walker & Dunlop’s Alliant Capital arm has closed two Section 42 housing tax credit investment funds, raising a combined $281 million in equity investments.

The two funds are projected to make a combined economic impact of $414 million, create over 2,000 jobs, and bring in $51 million in local tax revenues, according to the firm. Alliant Capital raised funds with the help of 13 investors and 17 developer partners.

The funds include 23 properties in 13 states – including both new construction and existing properties.

“I am thankful to our investor partners and developer partners who made it possible for Alliant to raise two of our largest multi-investor funds to date,” said Katie Balderrama, EVP and group head at Alliant. “During this unprecedented inflationary environment, addressing our nation’s housing affordability crisis has never been more critical.”

The funds will provide community services such as resident health and wellness, education and life skills, and essential services.

Alliant closed 32 projects with 3,606 units, totaling over $300 million in gross equity in a banner first-half of 2023.

Alliant Capital is the nation’s eighth largest low-income housing tax credit (LIHTC) syndicator. The Bethesda, MD-based firm manages more than $14 billion in assets and has provided housing for over 400,000 low-income families, seniors and veterans.