Boston – Boston Financial announced it has been ranked as the largest Low-Income Housing Tax Credits (LIHTC) multifamily housing syndicator for the third consecutive year by National Multifamily Housing Council (NMHC). The annual ranking highlights the country’s largest apartment owners, managers, developers, builders, and syndicators.
“At Boston Financial, we take great pride in our work and in the difference that it makes in communities across the country,” said Greg Voyentzie, CEO of Boston Financial. “It is a privilege to lead this team, and to be recognized by NMHC for three consecutive years as the largest tax credit syndicator in the business. It not only shows our commitment to our mission but is a true testament to the unwavering commitment of Boston Financial and the confidence our clients have placed in us as a trusted partner.”
As of April 2023, Boston Financial counts nearly 170,000 rental homes in 2,000 communities across all 50 states in its portfolio. Many of these communities provide essential wraparound services such as job placement, access to healthy food, social services, veterans’ services, and more.
Since the beginning of the LIHTC program in 1986, Boston Financial has worked with over 200 investors to preserve or build over 360,000 affordable homes. This No. 1 ranking follows the firm’s best year to date in 2022, with nearly $1.4 billion in LIHTC equity closed.
This year marks the 34th edition of the annual NMHC Top 50 lists developed in partnership with real estate research and consulting firm Kingsley Associates. Syndicators, apartment owners and managers are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2023, while developers and builders are ranked based on the number of units launched in 2022.
