R4 Centennial Housing Partners, LP Closing

Meridian Investments announced the closing of R4 Centennial Housing Partners, LP. Three investors participated in the $18 million closing of which all were new R4 investors. R4 Centennial Housing Partners, LP is a two property Colorado LIHTC fund with properties located in Adams and Denver counties. The portfolio currently consists of 241 Low Income Housing Tax Credit housing units including new construction and rehabilitation for families. R4 anticipates expanding the fund during the first quarter of 2019 when a third approximately $4.1 million Colorado property closes

Fact

Since its inception in 1986, the Low Income Housing Tax Credit (LIHTC) program has helped meet U.S. affordable housing demands by stimulating the production of nearly 2.4 million affordable homes and supporting an estimated 95,000 jobs annually.

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