|
RBC Community Investments
closed RBC Community Investments National Fund-32, raising $150,258,481
in Federal Low Income Housing Tax Credit (LIHTC) equity.
Environmental. All 15 properties
incorporate Energy Efficient Design Features and six properties will
benefit from Solar Photovoltaic or Solar Thermal Systems, serving to
reduce environmental impacts such as carbon emissions and other
greenhouse gases; five properties will obtain a Green Building
Certification; 12 properties benefit from environmentally sustainable
site selection and are within walking distance of public transportation;
and six properties benefit from the environmentally sustainable feature
of preserving existing affordable housing.
Social. Nine properties are located in an underserved market
location; seven properties improve the social good by serving seniors,
individuals prone to homelessness or those with a mental health
disability; and ten properties provide tenants with services and/or
amenities designed to provide socioeconomic advancement and empowerment.
Governance. Developers at six properties consist of at least 25%
ownership or governance by BIPOC or women.
|
ENVIRONMENTAL,
SOCIAL AND GOVERNANCE (ESG) ATTRIBUTES
|
|
ENVIRONMENTAL
|
|
Environmental and Climate Related Objectives
|
%
of Fund
|
Properties
|
|
Preservation of Existing
Housing or Adaptive Reuse
|
40%
|
6
|
|
Sustainable Design or Transit
Oriented Development
|
100%
|
15
|
|
Renewable Energy Features
(Solar/Geothermal/Wind)
|
40%
|
6
|
|
SOCIAL
|
|
Social Initiatives and Community Outreach
|
%
of Fund
|
Properties
|
|
Underserved Market or High
Opportunity Location
|
60%
|
9
|
|
Housing for Disabled, Elderly,
Homeless, Veterans or Youth
|
47%
|
7
|
|
Socioeconomic Advancement &
Empowerment
|
67%
|
10
|
|
GOVERANCE
|
|
Social Initiatives and Community Outreach
|
%
of Fund
|
Properties
|
|
BIPOC, Women, Veteran or LGBTQ+
Leadership & Management
|
40%
|
6
|
|
ESG Targets or RBC as Fund Sponsor
|
%
of Fund
|
Properties
|
|
Published Corporate ESG
Framework & Annual Reporting
|
100%
|
15
|
The Fund is comprised of investment in 15 properties,
which are LIHTC eligible multi-family and senior apartment communities.
In total, National Fund-32 includes 1,600 affordable homes in the
following 12 states:
|
•
California
• Colorado
• Florida
• Georgia
|
|
•
Massachusetts
• Michigan
• Minnesota
• New Hampshire
|
|
•
Ohio
• Pennsylvania
• Texas
•
Wisconsin
|
Please see here for
a detailed map of the Fund properties.
RBC Community Investments would like to thank our investor and developer
partners who helped to make the fund a success.
|
|
About
RBC Community Investments
RBC
Community Investments is a leading syndicator of Low Income Housing
Tax Credits, Renewable Energy Tax Credits, Impact/Workforce Housing
Investments, Historic Tax Credits, and State Tax Credits. By creating
well-structured investments, our team of experienced professionals
helps create the development of affordable multifamily communities
and renewable energy solutions throughout the country.
|
|
Craig
Wagner
Managing
Director,
Head
980.233.6459
craig.wagner@rbccm.com
|
Tammy
Thiessen
Managing
Director,
Originations/Sales
216.875.6042
tammy.thiessen@rbccm.com
|
Nancy
Amstadt
Director,
Sales Management
216.875.2623
nancy.amstadt@rbccm.com
|
|
|
Doug
Malicki
Director,
Equity Sales
216.875.6063
doug.malicki@rbccm.com
|
Kathleen
Calvert
Director,
Equity Sales
213.608.5590
kathleen.calvert@rbccm.com
|
|
|
|
|
