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PNC Multifamily Capital Announces 100th Affordable Housing Fund; Driving Nationwide Impact
PNC Bank, N.A., a tax credit syndication leader, today announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 100, which is investing more than $175 million in the development and rehabilitation of affordable rental housing across the U.S. The fund includes investments from PNC and six other financial services and insurance companies.
About this update from Pnc Financial Services Group, Inc. (the)
[{"type":"text","content":"New $175 million fund to support 17 developments, creating homes for families, seniors and vulnerable populations.","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"PITTSBURGH, Dec. 17, 2025 /PRNewswire/ -- PNC Bank, N.A., a tax credit syndication leader, today announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 100, which is investing more than $175 million in the development and rehabilitation of affordable rental housing across the U.S. The fund includes investments from PNC and six other financial services and insurance companies.","length":401,"tagName":"p"},{"type":"text","content":"This milestone marks the 100th fund sponsored by PNC and underscores its long-standing commitment to creating and preserving affordable housing across the United States. The investment will support the construction or rehabilitation of nearly 1,500 affordable homes in 17 properties across 10 states and the District of Columbia, including California, Colorado, Georgia, Illinois, Maryland, Oregon, Tennessee, Texas, Virginia, Washington and Washington, D.C., helping families, seniors and vulnerable populations access safe and stable housing. A few notable projects include1:","length":577,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Rosenwald Pointe (Waynesboro, VA): The new construction of 53 affordable family units will deliver a broad spectrum of affordability – from homes for very low-income households earning just 30% of the area median income to workforce housing at 80% – will include comprehensive supportive services for all residents, including mental health case management, benefit assistance, employment training, transportation support and independent living skills delivered by Valley Community Services Board.","length":496,"tagName":"p"}]},{"val":[{"type":"text","content":"Marine Drive (Astoria, OR): The new construction of 33 units will include 32 permanent supportive housing apartments for individuals experiencing homelessness with serious and persistent mental illness. The development incorporates robust on-site services through Clatsop Behavioral Healthcare's "Open Door" program, offering case management, peer support, counseling, life skills training and health services. All units will be covered by rental assistance, ensuring residents pay no...