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Stock impact report

PNC Multifamily Capital Announces $128 Million Affordable Housing Fund, Increasing Access to Affordable Housing Across the U.S. [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
Credit (LIHTC) Fund 96, which is investing $128 million in the development and rehabilitation of affordable rental housing across the U.S. The fund includes investments from PNC and four other banks and insurance companies across the U.S. The housing funds will provide up to $128 million in financing for more than 1,400 affordable housing rental units in 13 multifamily properties in 10 states, including California North Carolina Virginia and Texas , among others. Many of the projects are designed to serve families and special populations, including seniors, people experiencing homelessness, and those with special needs. A few notable projects include Lewis Lofts in Mankato, Minn. The 64-unit property will be available for seniors, those experiencing homelessness and persons with disabilities, with a portion of units subsidized through the county's housing support program, Skyline. Supportive services will be offered onsite through outside programs to help develop a plan to maintai Show less Read more
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