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**Berkadia Closes $100M Low-Income Housing Tax Credit Fund**
Berkadia has announced the successful closing of a $100 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund, named Berkadia Housing Partnership XV 2025.
The fund will support the development and rehabilitation of 434 affordable housing units across six properties located in California, Colorado, Maryland, Virginia, and Rhode Island. These units will serve families and seniors earning between 30% and 80% of the area median income (AMI), addressing critical affordable housing needs in these markets.
Comprised of six investors from the banking and insurance sectors, the fund also includes six experienced housing developers, both non-profit and for-profit. Of the six projects, four are designated new construction and two focus on rehabilitation.
“The closing of the Berkadia Housing Partnership XV 2025 LIHTC fund is evidence of the industry’s continued investment in the LIHTC program, which boosts local economies, enhances communities, and changes people’s lives for the better,” said Dave Leopold, Executive Vice President and Head of Berkadia Affordable Housing. “We are grateful for our partnerships with these new and repeat investors and developers, as well as the opportunity to deliver capital in markets that are very much in need of affordable housing.”
This initiative underscores Berkadia’s ongoing commitment to creating and preserving affordable housing opportunities across the United States.
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