ATLANTA, March 26, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital, a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating federal and state tax credits, is pleased to announce the financial closing of low-income housing tax credit (LIHTC) equity for Walnut Street Phase I, a new affordable housing development for senior tenants aged 55+ in Foxboro, Massachusetts. In partnership with Boston Financial, this Massachusetts state LIHTC project will be placed in service in Q1 2026, helping to create much-needed affordable housing opportunities within the region and reach qualified occupancy by April 2026.Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.
(GlobeNewsWire)