The Richman Group Affordable Housing Corporation recently closed a $166 million fund, U.S.A. Institutional Tax Credit Fund LXXXIX L.P.
Fund 89 will include a diversified portfolio of properties located in 18 states. Investors in Fund 89 include 11 institutional investors comprised of insurance companies and banks.
Richman also closed a $125 million fund, U.S.A. Institutional Tax Credit Fund XCV, L.P. Fund 95 had four banking institutions as investors and will specifically target for acquisition affordable housing tax credit projects in the five boroughs of New York City.
