AFFIRMATIVE INVESTMENTS

Affirmative Investments was founded in 1984 with foundation support. Since that time, they have facilitated the financing and development of $730 million of affordable housing nationwide, representing over 6,000 units. In 2004 Affirmative expanded into the newly formed New Markets Tax Credits (NMTC) program. Through NMTCs they have utilized creative financial structuring that aligns with the priorities of multiple parties including sponsors, Community Development Entities (CDEs), investors, and lenders. Affirmative has closed over 20 NMTC deals totalling $505 million in development costs, $372 million in Qualified Equity Investments, and over 700,000 square feet of NMTC funded space.

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