Simpson Housing Solutions is based in Long Beach, CA, but last June it had been acquired by Denver-based Simpson Housing LP. SHS had been known as Kaufman and Broad Multi-Housing Group.
SHS' fourth quarter sale represents its best-ever period for selling tax credits for affordable multifamily and senior apartment communities. In comparison, SHS' 1999 sales year had totaled $104 million in tax credits whereas the 2000 tally had been about $200 million.
Tax credits that had been sold in the fourth quarter will provide equity to finance 800 units in 13 projects in California, Texas, Nebraska, South Carolina, Kansas, Ohio, Hawaii and Puerto Rico. This year, SHS expects to resell $250 million in tax credits.
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