Credit Capital, together with its partner, The Richman Group, represents the largest tax credit investor base in the United States. Since inception in 2002, Credit Capital has invested over $1 billion in LIHTC equity. We offer the highest level of personal service and a proven ability to close. Credit Capital offers competitive pricing and fast turn-around on investment decisions, due diligence and transaction closing. In addition to providing investor equity, we also have the resources to provide construction and permanent financing, assistance with LIHTC, Carryover and AHP applications, as well as other soft financing and subsidy applications and/or renewals.
Credit Capital was formed in April 2002 by former executives of National Partnership Investments Corp. (“NAPICO”): its President and Chief Operating Officer and its Director of Syndication and Acquisitions. In 2001, NAPICO was ranked the 9th largest landlord in the United States by National Real Estate Investor Magazine, with ownership interests in over 70,000 affordable housing units located throughout 48 states and territories. Since 1988, NAPICO raised approximately $1.4 billion in tax credit equity for affordable housing investments located throughout the United States including its territories. In March 2002, NAPICO’s assets were acquired by Apartment Investment and Management Company (AIMCO), the largest publically traded multifamily real estate investment trust in the United States (NYSE: AIV); Credit Capital retained NAPICO’s active syndication business and since inception has invested over $1 billion in net LIHTC equity in affordable housing developments nationwide. Credit Capital is a proud sponsor of the LA Neighborhood Land Trust and the Juvenile Diabetes Research Foundation.