GREENWICH, Conn. — The Richman Group Affordable Housing Corp. has raised $165 million in equity for U.S.A. Institutional Tax Credit Fund CXI L.P. The fund will provide equity financing for the acquisition, rehabilitation and new construction of affordable housing properties for seniors and families.
Finance
WASHINGTON, D.C. — Financing for seniors housing properties through the HUD Lean Section 232 mortgage insurance program saw a notable increase for the fiscal year ending Sept. 30, with total volume jumping 20 percent over the previous year to $3.4 billion.