ORIX to Acquire One of the Largest U.S. LIHTC Fund Portfolios through Agreement with Boston Capital
Orix Corp Ads (IX)
US:NYSE Investor Relations:
orix.co.jp/grp/en/ir
Company Research
Source: Business Wire
TOKYO, Japan--(BUSINESS WIRE)--ORIX Corporation (“ORIX”) announced today that Boston Financial Investment Management (“Boston Financial”), a wholly-owned subsidiary of ORIX Corporation USA (“OCU”), has entered into an agreement with Boston Capital (“Boston Capital”) to acquire Boston Capital’s low-income housing tax credit (“LIHTC”) fund portfolio. The closing of the transaction is subject to customary closing conditions and approvals.Established by the U.S. Congress in 1986, LIHTC is a tax incentive program designed to promote the supply of affordable rental housing for low-income households. Private developers of affordable rental housing projects are awarded the 10-year tax credit issued by the federal government via state and territorial governments, if developers meet certain required conditions.LIHTC syndicators such as Boston Financial and Boston Capital bridge the gap between developers that are seeking to raise funds by selling the tax credits and the needs of investors p
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News
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- The Promise Homes Company Appoints John Ehle as Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- ORIX Co. (NYSE: IX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- ORIX: Consider Capital Recycling Plans And Peer Valuation Discount [Seeking Alpha]Seeking Alpha
- Monarch Private Capital and Elawan Energy Announce Substantial Completion of Two Renewable Energy Projects [Yahoo! Finance]Yahoo! Finance
IX
Sec Filings
- 5/8/24 - Form 6-K
- 3/6/24 - Form 6-K
- 2/13/24 - Form 13F-HR
- IX's page on the SEC website