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Tax Credit Equity/US Low-Income Housing Tax Credits

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Key Characteristics

  • Sources, underwrites and manages real estate assets that qualify for US low-income housing tax credits (LIHTC), and other forms of socially-responsible tax credits
  • Return on investment occurs through an allocation of tax credits and other tax benefits, and in some cases, cash flow, generated by the underlying real estate assets

Overview

Aegon Asset Management’s Tax Credit Equity team leverages over 30 years of experience and the expertise of multiple disciplines to source, underwrite and manage real estate assets that qualify for US low-income housing tax credits (LIHTC), and other forms of socially-responsible tax credits (e.g., solar and wind developments).

 

We execute a long-term US LIHTC strategy focused on quality and growth. Our US LIHTC portfolio is comprised of over 400 partnerships across the US. Historically, we have helped created over 131,000 units of housing.*

 

Return on investment, made either indirectly through a Fund structure or directly through separately managed account, occurs through an allocation of tax credits and other tax benefits, and in some cases, cash flow, generated by the underlying real estate assets.  

 

US market diversification
Number of LIHTC units by US state/territory*

 

LIHTC-Map-01.jpg

 

*Source: Aegon AM as of September 30, 2021

Portfolio managers

Lynn Ambrosy

Lynn Ambrosy

Managing Director, Portfolio Manager

Lynn Ambrosy is managing director, portfolio manager tax credits responsible for raising capital, fund management, investor development, and relationship management.

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Heather Pierce

Heather Pierce

Associate Director, Assistant Portfolio Manager

Heather Pierce is an associate director and the assistant portfolio manager for tax credits responsible for investor development and relationship management. 

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