Marble Cliff Capital is a national affordable housing financing organization focused on meeting the needs of our investor and developer clients for the benefit of the residents of our projects. We accomplish this by raising capital from investors, banks and corporations, and invest that capital in affordable housing projects that qualify for Low-Income Housing Tax Credits. Our mission is to be the syndicator solution of choice for investors, sponsors and developers, supporting residential solutions that transform lives. Since inception. Marble Cliff Capital has raised over $475 million from 44 unique investors, through 21 different equity funds, and closed projects in 11 different states.
Breaking News!
Marble Cliff Capital Closes on a $100 Million Affordable Housing Fund
Marble Cliff Capital Closes on a $100 Million Affordable Housing Fund
COLUMBUS, OHIO – Marble Cliff Capital, LLC is pleased to announce that it has worked with Cincinnati-based First Financial Bank to close on a new $100 million Low Income Housing Tax Credit (LIHTC) equity investment fund. This is the second collaboration between Marble Cliff Capital and First Financial Bank. In 2023, the parties closed a $50 million LIHTC equity investment fund which financed 204 units of affordable housing across First Financial Bank’s footprint.
This valued partnership will allow First Financial Bank to deploy Community Reinvestment Act (CRA) lending and investments strategically across its five-state banking footprint, with several LIHTC projects slated to close into the fund later this year. Earlier this year, First Financial received its second-consecutive Outstanding rating from the Federal Reserve for its CRA performance.
"First Financial is excited to again partner with Marble Cliff on this important fund,” said Mr. Roddell McCullough, Chief Corporate Responsibility Officer for First Financial Bank. “By providing affordable lending and investment solutions through Marble Cliff Capital, we can make quality housing a reality for more of our neighbors, helping families and our communities to thrive.”
This announcement also comes at a time when the affordable housing crisis in America remains dire. Last year, only 36 affordable and available rental homes were available for every 100 extremely low-income renter households.
"The entire Marble Cliff Capital team is beyond thrilled for the closing of this landmark $100 million LIHTC fund with our valued partner, First Financial Bank," said Mr. Jack Kukura, President of Marble Cliff Capital, LLC. "This substantial investment truly underscores First Financial Bank’s unwavering commitment to addressing the critical need for affordable housing. This fund will have a profound and lasting impact, providing safe, quality homes for countless individuals and families throughout First Financial Bank's communities, and represents a significant step forward in our shared mission to build stronger, more inclusive neighborhoods."
This valued partnership will allow First Financial Bank to deploy Community Reinvestment Act (CRA) lending and investments strategically across its five-state banking footprint, with several LIHTC projects slated to close into the fund later this year. Earlier this year, First Financial received its second-consecutive Outstanding rating from the Federal Reserve for its CRA performance.
"First Financial is excited to again partner with Marble Cliff on this important fund,” said Mr. Roddell McCullough, Chief Corporate Responsibility Officer for First Financial Bank. “By providing affordable lending and investment solutions through Marble Cliff Capital, we can make quality housing a reality for more of our neighbors, helping families and our communities to thrive.”
This announcement also comes at a time when the affordable housing crisis in America remains dire. Last year, only 36 affordable and available rental homes were available for every 100 extremely low-income renter households.
"The entire Marble Cliff Capital team is beyond thrilled for the closing of this landmark $100 million LIHTC fund with our valued partner, First Financial Bank," said Mr. Jack Kukura, President of Marble Cliff Capital, LLC. "This substantial investment truly underscores First Financial Bank’s unwavering commitment to addressing the critical need for affordable housing. This fund will have a profound and lasting impact, providing safe, quality homes for countless individuals and families throughout First Financial Bank's communities, and represents a significant step forward in our shared mission to build stronger, more inclusive neighborhoods."
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