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PNC raises $208 million for its latest tax-advantaged low-income housing fund

Proceeds to finance projects totaling 2,000 affordable apartments
The Albert Einstein Residence Center in Sacramento, California, is being renovated for senior housing using financing from the new fund, LIHTC Fund 98. (CoStar)
The Albert Einstein Residence Center in Sacramento, California, is being renovated for senior housing using financing from the new fund, LIHTC Fund 98. (CoStar)

A multifamily division within one of the largest regional banks in the country has closed a tax-advantaged housing fund aimed at preserving affordable rental properties across the United States.

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