NET INVESTMENT IN LIHTC

“The housing tax credit program has proved to be the most efficient capital subsidy for creating affordable housing at scale,” noted CohnReznick in their most recent periodic affordable housing study. They estimate that approximately $18.4 billion of capital was raised in 2020 for housing credit investments. In most recent years, 70 percent of all housing credit investments were acquired through syndication. Between 2000 and 2020, approximately 55% of fund equity was executed through multi-investor fund offerings.

MHEG began syndicating in 1993 with the release of our first fund, NAHF 1993, L.P., a $4.75 million fund with a total of eight investors.

Since then MHEG has released 65 funds raising over $3 billion in equity capital through the investment of almost 150 banks, insurance companies and corporations.

MHEG Cumulative Equity Capital Raised to Date