2021 Top Syndicators List

2021 Rankings

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Order list by:

Syndicator Rank 2021	Syndicator Rank 2020	Company Name	Units Syndicated 2021	Units Syndicated 2020	Corporate Officer	HQ City	HQ State
1	8	Boston Financial Investment Management, LP	186785	94576	Marie Reynolds	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Marie Reynolds Company Website www.bfim.com
2	2	Raymond James Tax Credit Funds, Inc.	132268	125192	Steve Kropf	St. Petersburg	FL
Historical Data Regions of Operation Corporate Officer(s) Steve Kropf Company Website www.rjtcf.com
3	1	PNC Real Estate	125287	132179	Todd Crow	Portland	OR
Historical Data Regions of Operation Corporate Officer(s) Todd Crow Company Website www.pnc.com
4	3	National Equity Fund, Inc.	115667	110949	Matthew Reilein	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Matthew Reilein Company Website www.nefinc.org
5	4	Enterprise Community Investment	110466	108043	Charles R. Werhane	Columbia	MD
Historical Data Regions of Operation Corporate Officer(s) Charles R. Werhane Company Website www.enterprisecommunity.org
6	7	Alliant Capital	105590	102855	Brian Goldberg	Woodland Hills	CA
Historical Data Regions of Operation Corporate Officer(s) Brian Goldberg Company Website www.thealliantcompany.com
7	6	The Richman Group Affordable Housing Corporation	104393	107374	Richard Paul Richman	Greenwich	CT
Historical Data Regions of Operation Corporate Officer(s) Richard Paul Richman Company Website www.therichmangroup.com
8	9	AIG Affordable Housing Partners	87238	91667	Thomas Musante	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Thomas Musante Company Website www.aig.com/globalrealestate
9	10	Hunt Capital Partners	75550	78271	Jeff Weiss	Encino	CA
Historical Data Regions of Operation Corporate Officer(s) Jeff Weiss Company Website www.huntcapitalpartners.com
10		WNC & Associates	58755	56992	Wilfred N. Cooper, Jr.	Irvine	CA
Historical Data Regions of Operation Corporate Officer(s) Wilfred N. Cooper, Jr. Company Website www.wncinc.com

NMHC Partners with Kingsley (a Grace Hill Company) to administer the NMHC 50 Survey. Learn more about their survey solutions, visit gracehill.com/products/kingsleysurveys/

Who is a Syndicator?

A Syndicator is a company that buys or syndicates tax credits to serve as a general partner with a minority ownership interest.

Syndicators do NOT include:

Limited partners
Syndicators of hotels, nursing homes, hospitals, and mobile homes

What counts as units?

Units that are in the United States only
Unit counts, not bed counts

View all definitions and the methodology behind NMHC 50 lists.

NMHC 10 Largest Apartment Syndicators

Boston Financial Investment Management, LP

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Raymond James Tax Credit Funds, Inc.

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PNC Real Estate

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National Equity Fund, Inc.

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Enterprise Community Investment

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Alliant Capital

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The Richman Group Affordable Housing Corporation

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AIG Affordable Housing Partners

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Hunt Capital Partners

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WNC & Associates

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