Corporations & Institutions Additional Institutional Services Tax Credit Funds Institutional Investment Institutional Investors Expert insight. Extensive impact. Raymond James Tax Credit Funds has the ability, expertise and flexibility to identify, assess and select outstanding affordable housing investment opportunities. With more than 150 fund offerings and over $12 billion of equity raised under Section 42 of the IRS code, our successful work in this highly specialized market is founded on conservative underwriting standards, industry expertise, deep developer relationships nationwide, and the presence and extensive resources of Raymond James. Community Reinvestment Act (CRA) Investments Partnering with many top financial institutions, we help meet their investment goals under the CRA. Over the past decade, our team has syndicated more than $7 billion of CRA-specific allocations to its bank-based investors, and can structure CRA-related investments in both single and multi-investor funds. Low-Income Housing Tax Credit (LIHTC) Program Each state’s housing agency allocates tax credits based on a qualified application process. Real estate developers are awarded tax credits to build affordable housing communities, and private equity is used to acquire interests in these properties in exchange for a stream of tax benefits. LIHTC equity contributions enable the properties to operate with lower debt and rents than conventional apartments. Some benefits of investing in LIHTC include: • Lowest default rate of all real-estate-related asset classes • Predictable 10- to 15-year benefit stream • Dollar-for-dollar tax credit benefits (also deductible against AMT) • High-impact socially responsible investment • Regulatory (CRA) credit for community development • Credits and passive losses can be carried back one year or forward up to 20 years Institutional investment services Commitment to clients. Devoted to service. Raymond James Tax Credit Funds offers a full suite of services to aid our clients throughout the entire life cycle of an investment. Property Sourcing and Acquisition Feasibility and Underwriting Asset management Reporting Services Dispositions Raymond James can tailor a plan to meet your investment goals, including selecting property in targeted areas within your Community Reinvestment Act footprint and potentially providing debt opportunities on deals. Contact James Horvick – Senior Vice President, Acquisitions and Institutional Investments Syndicated more than $12 billion in equity Sponsored 2,300+ properties, totaling over 150,000 units 150+ tax credit funds, serving 200,000+ In the news Tax Credit Funds | August 25, 2021 Outlook on Asset Management Newsletter Summer 2021 Read More about Outlook on Asset Management Newsletter Summer 2021 Tax Credit Funds | December 24, 2020 Raymond James sponsors the development of affordable housing for the elderly in Monroe County, NY Read More about Raymond James sponsors the development of affordable housing for the elderly in Monroe County, NY Tax Credit Funds | April 21, 2021 Outlook on Asset Management Newsletter Spring 2021 Read More about Outlook on Asset Management Newsletter Spring 2021 View All About Us Careers Investor Relations News & Media Contact Us Legal Disclosures Privacy, Security & Account Protection Terms of Use Equal Opportunity Employer © 2021 Raymond James Financial, Inc. All rights reserved. Raymond James & Associates, Inc., member New York Stock Exchange / SIPC, and Raymond James Financial Services, Inc., member FINRA / SIPC, are subsidiaries of Raymond James Financial, Inc. Raymond James® and Raymond James Financial® are registered trademarks of Raymond James Financial, Inc. Raymond James & Associates, Inc. Statement of Financial Condition