AURA's Community Investments Group invests with for-profit and non-profit sponsors in low-income housing tax credit partnerships that own affordable housing projects. The Group:
- Establishes partnerships with developers who are dedicated to building long-term, high-quality affordable housing
- Customizes pricing and pay-in schedules to meet the needs of each individual development
AURA’s has been investing in tax credit partnerships since 1987. We have in-depth knowledge of affordable housing development and finance, which allows our staff to provide insight and expertise on the structure of any tax credit development. We have over 350 partnerships and over $4 billion invested in capital since inception, on behalf of affiliated and non-affiliated investors in affordable housing projects nationwide, which has helped to create more than 110,000 units of housing. We believe our broad repeat client base is a testament to our reputation for responsiveness and timely execution.
AURA invests directly and on behalf of third-party investors in low-income housing tax credit partnerships, with for-profit and non-profit sponsors. Each development goes through a since Investment Committee review and one underwriting process. A dedicated team works with each client throughout the closing process to ensure efficient and timely closing. We work with LIHTC knowledgeable counsel to effect a time closing.