$100 million to support the development of affordable housing in five states
Philadelphia, PA – September 2, 2025 – Berkadia, a leader in the commercial real estate industry, announced today the closing of a $100 million multi-investor low-income housing tax credit (LIHTC) fund. Berkadia Housing Partnership XV 2025 will help finance the development and rehabilitation of 434 affordable housing units across 6 properties in five states – California, Colorado, Maryland, Virginia, and Rhode Island. This national fund demonstrates the continued growth of Berkadia Affordable Housing, the country’s largest originator of GSE loans for Affordable Housing and its fastest growing LIHTC syndication company.
“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 peoples’ lives for the better,” said David Leopold, EVP and Head of Berkadia Affordable Housing. “We are grateful for our partnerships with these new and repeat investors and developers, and the opportunity to deliver capital in markets that are very much in need of housing that is affordable.”
The fund is comprised of six investors from the banking and insurance industries and six very experienced non-profit and for-profit housing developers. The four new construction and two rehabilitation developments will provide housing for families and seniors earning between 30%-80% area median income (AMI). The benefits of these developments go beyond the housing itself, offering supportive services to residents and strengthening and improving the communities in which they are located.
Berkadia Affordable Housing is a fully integrated financial services platform comprised of mortgage banking, investment sales, and tax credit syndication that delivers comprehensive investment solutions to clients across the country and distinguishes itself by pairing deep technical expertise and a wide array of product offerings with the drive and focus necessary to help clients grow their business.
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