The Richman Group Affordable Housing Corporation, historically the nation's leading sponsor of equity funds for affordable housing, announced it closed financing of $850 million of affordable housing tax credit properties over the summer of 2021 through three multi-investor institutional funds. The funds will provide more than $400 million in equity for the acquisition, rehabilitation and/or new construction of over 50 properties located throughout the United States. Institutional investors in the funds included some of the nation's leading banks and insurance companies.