R4 Housing Partners X, LP Closing

Meridian Investments announced the $152 million initial closing of R4 Housing Partners X, LP. Eight investors participated in the closing of which five were new R4 investors. The balance of the fund will close early in 2019. R4 Housing Partners X, LP is a nineteen property multi-family LIHTC Fund diversified across fourteen states and the Commonwealth of Puerto Rico. The portfolio consists of 2,880 Low Income Housing Tax Credit housing units including new construction and rehabilitation for seniors and families. 

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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