PNC Bank closes $251.4 million affordable housing fund

PNC Bank closed a $251.4 million Low-Income Housing Tax Credit (LIHTC) fund that will help finance the development and preservation of affordable rental housing across the country, the bank said in an announcement on Wednesday. The transaction, PNC Multifamily Capital’s LIHTC Fund 104, includes capital from nine financial services and insurance companies, along with PNC.

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Clayton, Pulte and the confusion for housing professionals

Wait! What?!? Just curious. Is it me, or is anyone else getting at least a chuckle out of one of those moments when the housing universe seems to have hired a comedy writer? For years, if you said “Clayton” in any kind of housing audience, people instantly thought of Berkshire Hathaway‘s Maryville, Tennessee-based manufactured housing

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