Boston Capital Corporation (BCC) was a PIONEER in the affordable housing industry. Since being founded in 1974, by Jack Manning and Herb Collins, the firm navigated the GROWTH and EVOLUTION of this all-important asset class.
We participated in the development of the federal tax credit program, established new investment and funding options, and developed innovative technologies to move ourselves-and the industry-forward. Since inception, Boston Capital invested in 3,700 multifamily apartment properties located in all 50 states, with total development cost exceeding $19 billion.
In December, 2020, BCC sold substantially all of their low income housing tax credit (LIHTC) portfolio to focus on debt financing via their wholly owned debt financing subsidiary Boston Capital Finance and third party asset management via their related party Boston Capital Asset Management. The development business was transitioned and now operates at Tremont Development Partners LLC. Visit them here www.tremontdevelopment.com
BCF was founded in 1994 and provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits. BCF owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry has closed over $3.8 billion of affordable bonds and loans. We provide tax exempt construction to permanent bond financing as well as fixed rate forward conventional loan funding. We work with some of the largest capital partners in the market. Through these partnerships, we are able to offer the best of both worlds, certainty of delivery on executions coupled with a boutique borrower focused lending group. We originate, underwrite, close and service all bonds and mortgages.
News and UPDATES
Elevate 340
August 14, 2024 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable loan. The Ohio-based developer, Fairfield Homes Inc. (Fairfield), has started construction on Elevate 340, which is a new affordable...
Wagon Works
August 5, 2024 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable loan. The Hallmark Companies, Inc., through its affiliated developer entity, Hallmark Development Partners, LLC, is undertaking an...
Promotions and New Hires
Boston Capital Finance (BCF) is pleased to announce the promotions of Andrew Busick and Peter Lekaj to Assistant Vice Presidents of Underwriting. “Both Andrew and Peter have exemplified a willingness to work hard, go above and beyond and be great team players. Please...
