March 28, 2016 Comments Off on $28M Low-Income Fund Closed Views: 393 California News, Massachusetts, National News, New Hampshire, Northeast

$28M Low-Income Fund Closed

Michel Associates, Ltd., based in Boston, MA has closed on its $28 million, Countryside Corporate Tax Credits Fund XXIII, a low-income housing tax credit fund. The fund’s target is multifamily properties located in New England.

Michel Associates, Ltd. is a real estate syndication firm that invests in affordable housing. So far, the fund owns 149 units across three family properties located in Massachusetts and New Hampshire. The 149 units contained in the properties acquired by the Fund increases the firm’s portfolio to approximately 13,000 units.

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