Hunt Capital Partners (HCP) has closed its largest multi-investor fund to date, raising $193.5 million through the Hunt Capital Partners Tax Credit Fund 51 (HCPTCF 51). This low-income housing tax credit (LIHTC) equity fund will support the development and preservation of affordable housing across 16 communities nationwide, creating 1,291 affordable homes for low-income families and individuals experiencing homelessness.
The fund prioritizes housing solutions for special needs populations, including veterans, individuals with disabilities, people recovering from substance abuse, those living with HIV/AIDS, and youth transitioning out of foster care.
A Nationwide Impact on Affordable Housing
In partnership with for-profit and non-profit developers, 78% of whom are repeat collaborators, HCPTCF 51 will launch new construction, acquisition/rehabilitation, and historic rehab projects. These efforts will add 778 homes to the affordable housing inventory and preserve affordability for 513 units. Targeting renters earning between 30% and 70% of Area Median Income (AMI), the fund also incorporates rental subsidies such as Project-Based Vouchers, Section 8, and Section 811, ensuring affordability for even the lowest-income households.
One standout project, The Vineyards at Cabot Phase II in Cabot, Arkansas, will offer 48 affordable housing units for families earning up to 60% of the AMI. In an area where market-rate housing demands 57 work hours weekly at minimum wage, this development will reduce rent costs by up to 67%, freeing up resources for essentials like healthcare, education, and food security.
Enhancing Lives with Resident Services
Over half of the developments under HCPTCF 51 will provide tailored resident services to enrich tenants’ lives. For instance, Mercy Village in Ocala, Florida, developed by Carrfour Supportive Housing Inc., will offer 59 permanent supportive housing units with free, on-site services. These include employment assistance, financial literacy classes, mental health support, and recovery services rooted in Housing First and Trauma-Informed Care principles.
ESG-Aligned Investments
Hunt Capital Partners emphasizes the alignment of its affordable housing investments with Environmental, Social, and Corporate Governance (ESG) principles. By reducing housing expenses, families can allocate resources toward other essential needs, enhancing their physical and mental well-being. These investments contribute to stronger communities and improved living conditions for generations.
About Hunt Capital Partners
As the tax credit syndication division of Hunt Companies, Inc., Hunt Capital Partners has raised over $3.8 billion in tax credit equity since its founding in 2010. Managing more than 800 project partnerships and 80,000 homes across 48 states and territories, HCP specializes in Federal and State Low-Income Housing, Historic, and Solar Tax Credit investments.
Hunt Capital Partners continues to advance affordable housing initiatives nationwide, fostering public-private partnerships to meet the growing demand for quality, accessible housing.
