August 20, 2026 – Boston Capital Finance is pleased to announce the closing of another taxable affordable loan.  

Gyani Capital in joint venture with Coalition for Responsible Community Development is developing a new 49-unit senior (55+) mixed income senior multifamily development located in Robstown, Texas.   The Lantern at Robstown will include 46 one- and two- bedroom units and three market-rate units within a single three-story wood-frame building.  The affordable units will serve households earning between 30%, 50%, and 60% of Area Median Income.

The Lantern at Robstown will offer residents a variety of on-site amenities, including a clubhouse with business and fitness centers, a pet area, a barbecue and picnic area and resident storage.

“We are very pleased to be lending to Gyani Capital again and equally delighted to be financing a development for Coalition for Responsible Community Development.  These quality sponsors are industry leaders in the space bringing much needed affordable and attainable housing to Robstown, Texas.”  said Sean Curry, Partner and Director of Investments and Originations.

Bill Fazzano, Partner and Director of Underwriting and Asset Management added “The Lantern at Robstown is another quality affordable housing loan being placed in our Boston Capital Long Term Affordable Fund VII.  This Fund is the latest in a series of proprietary taxable lending housing funds well diversified by borrower and state.  We feel we offer the best-in-class terms and service to our borrower partners.”

Boston Capital Finance

Boston Capital Finance is a Boston, Massachusetts based boutique affordable housing lender with offices in Charleston, South Carolina and Phoenix, Arizona.  Founded in 1994, the firm provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits.  The firm is owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry and has closed over $4.8 billion of affordable bonds and loans.  

Have an affordable tax-exempt bond or taxable permanent loan that needs to be financed? Please call:

Sean Curry, Originations and Investments, 781-526-4319 scurry@bostoncapital.com

Bill Fazzano, Underwriting and Asset Management 617-331-4098, bfazzano@bostoncapital.com

Walter Williams, Originations, 617-694-5182 wwilliams@bostoncapital.com