Recent Closing
MCC Inaugural multi-investor fund closes at $53.5 million!!
PRESS RELEASE
Thursday, June 17, 2021
FOR IMMEDIATE RELEASE
CONTACT:
Jack Kukura
jkukura@marblecliffcapital.com
(614) 353-5353
COLUMBUS, OHIO – Marble Cliff Capital, LLC announced the closing of Marble Cliff Capital Community Equity Fund 1 L.P. (“Fund 1”) – a $53.5 million multi-investor Low Income Housing Tax Credit (“LIHTC”) equity investment fund that will facilitate 419 units of affordable housing across five different states in seven tax credit multifamily housing projects.
In partnership with ten institutional investors, Marble Cliff Capital was able to close its inaugural multi-investor tax credit fund within its first year of operations despite the
unique challenges posed by the COVID-19 pandemic and its rippling effects on the LIHTC equity market.
Click here for full press release
PRESS RELEASE
Friday, May 28, 2021
FOR IMMEDIATE RELEASE
CONTACT:
Jack Kukura
jkukura@marblecliffcapital.com
(614) 353-5353
COLUMBUS, OHIO – Marble Cliff Capital, LLC is pleased to announce the closing of Summer Tree Terrace – a 24-unit rehabilitation of a U.S. Department of Agriculture (“USDA”) – Rural Development (“RD”) subsidized affordable housing project located in Jeffersonville, Ohio. This re-syndication of Summer Tree Terrace with 4% Low Income Housing Tax Credits (“LIHTCs”) will ensure the preservation of critical subsidized housing for years to come in the rural community of Jeffersonville.
Marble Cliff Capital syndicated the federal Low Income Housing Tax Credits in a single investor tax credit equity fund with CFBank, N.A., and development partner Woda Cooper Communities. Summer Tree Terrace consists of 24 two-bedroom units. The rehabilitation’s scope of work includes energy efficient upgrades throughout the units, new roofing, new flooring, replacement of cabinetry, site lighting, and handicap accessibility upgrades.
Click here for full press release
PRESS RELEASE
Monday, April 5, 2021
FOR IMMEDIATE RELEASE
CONTACT:
Jack Kukura
jkukura@marblecliffcapital.com
(614) 353-5353
COLUMBUS, OHIO – Marble Cliff Capital, LLC is pleased to announce the closing of Alleghany Junction – a 40-unit new construction affordable housing project in Cumberland, Maryland. This investment in the Cumberland community will provide families with critical affordable housing as the effects of the global COVID-19 pandemic persist.
Marble Cliff Capital syndicated the federal Low Income Housing Tax Credits with construction lender First United Bank & Trust and development partner Woda Cooper Communities. Once completed, Alleghany Junction will consist of 34 two-bedroom units and 6 three-bedroom units for families with six units dedicated to individuals with disabilities.
Click here for full press release
Monday, April 5, 2021
FOR IMMEDIATE RELEASE
CONTACT:
Jack Kukura
jkukura@marblecliffcapital.com
(614) 353-5353
COLUMBUS, OHIO – Marble Cliff Capital, LLC is pleased to announce the closing of Alleghany Junction – a 40-unit new construction affordable housing project in Cumberland, Maryland. This investment in the Cumberland community will provide families with critical affordable housing as the effects of the global COVID-19 pandemic persist.
Marble Cliff Capital syndicated the federal Low Income Housing Tax Credits with construction lender First United Bank & Trust and development partner Woda Cooper Communities. Once completed, Alleghany Junction will consist of 34 two-bedroom units and 6 three-bedroom units for families with six units dedicated to individuals with disabilities.
Click here for full press release