{"id":63309,"date":"2026-06-18T03:00:15","date_gmt":"2026-06-18T01:00:15","guid":{"rendered":"https:\/\/housesmarketplace.com\/pnc-bank-closes-251-4-million-affordable-housing-fund\/"},"modified":"2026-06-18T03:00:15","modified_gmt":"2026-06-18T01:00:15","slug":"pnc-bank-closes-251-4-million-affordable-housing-fund","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/pnc-bank-closes-251-4-million-affordable-housing-fund\/","title":{"rendered":"PNC Bank closes $251.4 million affordable housing fund"},"content":{"rendered":"<div>\n<p><strong>PNC Bank<\/strong> closed a $251.4 million Low-Income Housing Tax Credit (LIHTC) fund that will help finance the development and preservation of affordable rental housing across the country, the bank said in an announcement on Wednesday. <\/p>\n<p>The transaction, PNC Multifamily Capital\u2019s LIHTC Fund 104, includes capital from nine financial services and insurance companies, along with PNC. The fund reflects the bank\u2019s strategy of using syndicated tax credit investments to expand affordable housing supply at a time of growing demand and limited inventory.<\/p>\n<p>Fund 104 is expected to support 16 multifamily properties and more than 1,700 affordable rental homes for families, seniors and underserved households. The portfolio combines new construction and rehabilitation projects in Arizona, California, Kentucky, Minnesota, New Mexico, Nevada, North Carolina, Tennessee, Texas, Virginia and Washington, D.C.<\/p>\n<p>Twelve properties will target families and four will serve seniors, according to the announcement. Seven properties will offer rental assistance, which can be a key tool for maintaining long-term affordability and stabilizing operating cash flow for owners in higher-cost or volatile markets.<\/p>\n<p>\u201cFor nearly 30 years, PNC Multifamily Capital has brought together investors focused on delivering meaningful impact through the creation and preservation of quality, affordable homes,\u201d said Megan Ryan, senior vice president and manager of tax credit equity syndication for PNC Multifamily Capital. \u201cWe are grateful for their continued support, which will help strengthen 16 developments across the country and provide lasting stability for residents.\u201d<\/p>\n<p>The fund\u2019s projects are aimed at serving families, seniors and people who have experienced homelessness. Residency at the Mayer in Los Angeles will provide permanent supportive housing for seniors who are chronically homeless or living with disabilities. On-site services will include case management, benefits counseling, health care, substance use services, legal assistance, transportation and employment support.<\/p>\n<p>Three properties in Kerrville, Texas \u2014 Heritage Oaks, The Meadows and Paseo de Paz \u2014 will deliver 224 rehabilitated apartments for families across multiple sites. Planned resident services include life skills training, help navigating social services, preventative health resources, transportation assistance and educational and community programming.<\/p>\n<p>Malabu Manor in Lexington, Kentucky, will cater to seniors, with services focused on housing stability, connections to community resources and ongoing resident engagement. The property will also feature housing assistance aimed at keeping rents affordable relative to household income, an increasingly important feature for fixed-income renters facing higher costs.<\/p>\n<p>PNC Multifamily Capital is a major provider of affordable multifamily equity as well as affordable and conventional debt. Through tax credit equity, agency lending programs and bank balance sheet lending, the platform finances multifamily properties, historic rehabilitations and community facilities.<\/p>\n<p>As of Dec. 31, 2025, PNC Multifamily Capital oversaw approximately $16.2 billion in tax credit equity supporting 1,280 affordable rental properties, 138 New Markets Tax Credits investments and 78 historic properties nationwide. The company also manages a $35.2 billion agency loan portfolio, giving it significant scale across the housing-finance capital stack.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>PNC Bank closed a $251.4 million Low-Income Housing Tax Credit (LIHTC) fund that will help finance the development and preservation of affordable rental housing across the country, the bank said in an announcement on Wednesday. The transaction, PNC Multifamily Capital\u2019s LIHTC Fund 104, includes capital from nine financial services and insurance companies, along with PNC. [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.5 (Yoast SEO v18.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PNC Bank closes $251.4 million affordable housing fund - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/pnc-bank-closes-251-4-million-affordable-housing-fund\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNC Bank closes $251.4 million affordable housing fund\" \/>\n<meta property=\"og:description\" content=\"PNC Bank closed a $251.4 million Low-Income Housing Tax Credit (LIHTC) fund that will help finance the development and preservation of affordable rental housing across the country, the bank said in an announcement on Wednesday. The transaction, PNC Multifamily Capital\u2019s LIHTC Fund 104, includes capital from nine financial services and insurance companies, along with PNC. 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