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The Community Investments Group invests in low-income housing and historic tax credit partnerships with for-profit and non-profit sponsors. The Group:
The Aegon Community Investments group has been purchasing tax credits since 1987. Staff members have in-depth knowledge of affordable housing development and finance, and can provide insight and expertise on the structure of any tax credit development. We have over 270 partnerships and nearly $3 billion invested in affordable housing nationwide helping to create more than 95,000 units of housing. We are proud to have many repeat clients and a reputation for integrity, responsiveness and timely execution.
The Community Investments group invests directly and on behalf of third-party investors in low-income housing and historic tax credit partnerships with for-profit and non-profit sponsors. We seek development partners with a history of success in building long-term, high quality affordable housing.With a variety of distribution options, Aegon has the ability to customize pricing and pay-in schedules to meet the needs of each individual development. Each development goes through only one Investment Committee review and one underwriting process. A dedicated team works with each client throughout the closing process to insure efficient and timely closing. We work with LIHTC knowledgeable counsel to effect a timely closing
Aegon is uniquely positioned to invest in tax credits utilizing various platforms:• Traditional Syndication:Aegon structures funds with corporate investors to invest in tax credit partnerships. A unique aspect of the Aegon program is our ability to co-invest alongside third-party investors. Aegon constructs both multi-investor and proprietary funds to meet highly specific investment parameters, both economic and CRA.• Guaranteed Syndication:Since 2003, Aegon has been syndicating tax benefits to institutional investors with the added security of Aegon's AA- credit rating. To date, we have guaranteed approximately $2 billion in tax benefits. This platform is primarily for clients who require a more assured delivery of tax credit benefits and the associated financial returns, along with preferable accounting treatment.• Direct Investment:Aegon invests on a direct basis for its affiliates where it has the ability to pursue large transactions, more complex structures, mixed income projects, as well as projects with layered financing.Having the corporate resources and multiple distribution opportunities gives Aegon the flexibility to meet the needs of a variety of investors, including insurance companies, banking institutions, technology firms and other C-Corporations.
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