Boston Financial Acquires Boston Capital Affordable Housing Fund Portfolio

Boston Financial Investment Management has entered into an agreement to acquire Boston Capital’s low-income housing tax credit (LIHTC) fund portfolio, announced ORIX Corp., the parent company of Boston Financial.

The major move would give Boston Financial a top position in the low-income housing tax credit (LIHTC) asset management industry and position it for further investments, according to the company. The transaction is subject to customary closing conditions and approvals.