Solar Tax Credit Equity Closing

Meridian Investments announced the closing of the US Bank Renewable Energy Tax Credit Fund 2018-18, LLC. One investor, making their first solar investment, participated in the approximately $43 million closing. The portfolio consists of multiple solar photovoltaic installations that are expected to be placed in service before December 31, 2019.

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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