Boston Financial, the longest-standing syndicator focused exclusively on affordable housing with more than $16 billion in equity under management, today announced the closing of Boston Financial Institutional Tax Credits 63 Limited Partnership (“ITC 63”), a $191 million multi-investor Low-Income Housing Tax Credit (“LIHTC”) fund.

Boston Financial secured commitments from seven institutional investors for ITC 63, enabling the deployment of capital with 14 affordable housing developers across 16 communities in 12 states. The fund will provide capital for both new construction and preservation efforts, supporting the creation or preservation of 1,342 affordable rental homes for individuals and families nationwide.

“ITC 63 reflects the strength of the relationships we have built with both our investor and developer partners over many years,” said Rob Golden, CEO of Boston Financial. “We are deeply grateful for the trust our investors place in us and for the extraordinary work our developer partners do every day to bring affordable housing to communities across the country. Their commitment, creativity, and perseverance are making a meaningful difference in the lives of thousands of families, and we are honored to work alongside them in addressing our nation’s housing challenges.”

ITC 63 is expected to create 2,210 new jobs, generate approximately $249 million in wages and business income, and contribute nearly $90 million in tax revenue to local communities. Several developments within the fund will include housing opportunities for seniors, veterans, people with physical or mental disabilities, and formerly unhoused individuals and families.

The fund includes communities such as Choice Landing in Crestwood, KY, developed by Pillar, a local non-profit developer. The development will provide 72 affordable homes and will serve special needs adults with intellectual and developmental disabilities.

“The affordable housing industry succeeds because of collaboration,” said John Schromm, Senior Managing Director and Co-Head of Investor Capital at Boston Financial. “Each investment in ITC 63 represents a shared commitment among investors, developers, public agencies, and community members to expand and preserve affordable housing opportunities. We are thankful for the confidence our partners continue to place in Boston Financial and proud to help connect capital with high-quality developments that will create lasting impact in communities for years to come.”

ITC 63 also reflects the ongoing support of Boston Financial’s parent company, ORIX USA, whose balance sheet provides enhanced flexibility and execution capabilities for the firm’s affordable housing platform.

“The support of ORIX USA continues to be a meaningful advantage for our clients and partners,” said Mark Tolliver, Senior Managing Director and Co-Head of Investor Capital at Boston Financial. “Their commitment to affordable housing and willingness to deploy capital alongside our platform helps us deliver more flexible and creative solutions in an increasingly complex market environment. That support strengthens our ability to serve investors, support developers, and ultimately help finance more affordable housing across the country.”

Since the beginning of the LIHTC program in 1986, Boston Financial has worked with more than 200 investors to preserve or build over 420,000 affordable homes.

About Boston Financial

Boston Financial is the longest-standing Low Income Housing Tax Credit (“LIHTC”) syndicator in the country, managing a portfolio of more than $16.8 billion in affordable housing equity. Boston Financial’s vision is to create a future where everyone has a home, one investment at a time. Boston Financial was founded in 1969 and acquired by ORIX Corporation USA in 2016.

About ORIX Corporation USA (ORIX USA)

Established in the U.S. in 1981, ORIX USA is a diversified investment and asset management firm specializing in credit, real estate, private equity and managed solutions for middle-market borrowers and investors. We combine the strength of our balance sheet with capital from third-party investors, creating strong alignment of interests across our platforms. ORIX USA and its subsidiaries—including ORIX Advisers, ORIX Capital Partners, Boston Financial, Lument, Hilco Global, and NXT Capital—employ approximately 2,100 professionals and manage $38.8 billion in assets and commitments as of September 22, 2026. Our parent company, ORIX Corporation, is a publicly owned, global financial services company with operations in 30 countries and regions worldwide. ORIX’s global business platform currently has $573 billion in assets under management. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and the New York Stock Exchange (IX). For more information, visit orix.com.

Media gallery

About The Author
Business Wire