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Monarch Private Capital Closes LIHTC Equity Financing for Patterson Point in Goleta, CA

Nov 06, 2024•over 1 year ago

Contract Type

partnership

AtlantaCapital Markets

Description

Monarch Private Capital has announced the financial closing of low-income housing tax credit (LIHTC) equity for Patterson Point, a new affordable housing development in Goleta, California. The $24 million development is expected to create much-needed affordable housing opportunities within the community, in partnership with the Housing Authority of the County of Santa Barbara and Redstone.

Company Information

Company

Monarch Private Capital

Location

Atlanta, Georgia, United States

About

Founded in 2005, Monarch Private Capital (formerly State Tax Credit Exchange) is a financial services company providing federal and state tax credit solutions to Fortune 500 companies, businesses and high-net worth individuals aimed at lowering their federal and/or state tax liabilities while supporting socially beneficial activities. Created by state and federal governments, tax credits incentivize specific business activities which government deems worthy of stimulating. MPC’s singular focus is on the structuring and placement of transferable tax credits. Since its inception, Monarch Private Capital has placed billions of transferable credits in the marketplace without the recapture of a single credit. We are a strong and stable clearing house for transferrable tax credits and tax equity credit funds which deliver customized, low-risk, tax-saving solutions to clients.

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