We finance affordable housing developments that include tax-exempt bonds or Low Income Housing Tax Credits (LIHTC).
Low Income Housing Tax Credit equity
Current affordable housing loan commitment
Housing units financed through our affordable housing team
*Data as of June 30, 2024
Affordable housing is about more than just buildings. It’s about investing in people. We are proud to help create residences for unhoused people, seniors, veterans, LGBTQ+ individuals, and those experiencing struggles with mental health or addiction.
We have been at the forefront of all things related to the Low Income Housing Tax Credit (LIHTC) since 1989, partnering with real estate developers who build and rent multi-family housing to those making 60% or less of their area’s median income.
Impact Finance has completed hundreds of debt deals totaling several billions of dollars over the years. These deals have supported the creation of tens of thousands of affordable housing units across the nation.
Our team has been making direct investments or buying 4% bonds directly for more than three decades. Investors and developers value our presence in funds and projects for many reasons, including:
We are proud to be involved in projects in low- and moderate-income communities from coast to coast. Whether your deal is highly complex or more routine, rely on us to add value. A small sample of our recent projects is presented below.
We finance affordable housing developments that include tax-exempt bonds or Low Income Housing Tax Credits (LIHTC).
We are an established leader in deploying impact capital dollars and providing loans and equity commitments to people of color (POC):
Impact Finance regularly communicates and works with the bank’s corporate social responsibility team to align on our Community Benefits Plan and overall objectives. We work together to make a positive impact on local communities.
The Hattie Redmond Apartments, a 60-unit development, is devoted entirely to permanent supportive housing for people exiting homelessness.
Impact Finance recently made grants to five nonprofits that give developers of color opportunities to break into the real estate industry.
We invested $56.7 million in LIHTC equity and provided another $56 million in loans toward doubling the size of Light Tree Apartments in Silicon Valley.
Get in touch with the U.S. Bancorp Impact Finance team to discuss the tax credit program and our affordable housing lending solutions and discover how we could partner together to revitalize your community.