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Boston Financial to invest equity in Demaree Street Apartments

California Tax Credit Allocation Committee
Disclosed value
$39,303,970 tax credit equity (permanent) and $3,909,312 construction equity
From agenda
Document date
Aug 23, 2023

The 30-second brief

What it covers

Boston Financial is expected to invest over $39 million in LIHTC equity in the Demaree Street Apartments project. The equity will help fund construction of 220 affordable family units in Visalia.

Who holds it

Boston Financial holds this financial services contract with California Tax Credit Allocation Committee. Its other public contracts on record include work for Housing Authority of the county of Howard and Ohio Housing Finance Agency.

What happens next

Term as filed: Through LIHTC compliance period (15 years) with extended use.

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Contract details

Contract type
Financial Services
Amount
$39,303,970 tax credit equity (permanent) and $3,909,312 construction equity
Document date
August 23, 2023
Term
Through LIHTC compliance period (15 years) with extended use
Vendor
Boston Financial
Agency
California Tax Credit Allocation Committee
Source document
CTCAC Committee Meeting Agenda August 23 2023 (Agenda)

Boston Financial's other public contracts

Housing Authority of the county of Howard, ArkansasBoston Financial LIHTC Equity Approved for Ellicott Gardens · Jun 25, 2026UndisclosedOhio Housing Finance Agency, OhioBoston Financial Identified as LIHTC Investor · Apr 16, 2026$17.6MTX-State-Department of Housing and Community Affairs, TexasBoston Financial Provides Palo Verde Tax Credit Equity · Apr 9, 2026$16MHousing Authority of the city of San Luis Obispo, CaliforniaBoston Financial Selected as Equity Investor for Monterey Crossing · Feb 19, 2026UndisclosedHousing Authority of the city of San Luis Obispo, CaliforniaBoston Financial Chosen as Monterey Crossing Equity Investor · Jan 15, 2026All Boston Financial contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by California Tax Credit Allocation Committee?

Boston Financial was awarded this financial services contract by California Tax Credit Allocation Committee, as recorded on August 23, 2023. The contract value is $39,303,970 tax credit equity (permanent) and $3,909,312 construction equity.

How much is the Boston Financial contract with California Tax Credit Allocation Committee worth?

The Boston Financial contract with California Tax Credit Allocation Committee is valued at $39,303,970 tax credit equity (permanent) and $3,909,312 construction equity, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in CTCAC Committee Meeting Agenda August 23 2023 (Agenda), dated August 23, 2023 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Boston Financial hold?

Boston Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is California Tax Credit Allocation Committee currently buying?

Explore California Tax Credit Allocation Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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