#United States #New York #affordable housing #R4 Capital #LIHTC

R4 Capital's Record-Breaking Investments in Affordable Housing

In a remarkable achievement, R4 Capital, a prominent player in the affordable housing investment sector, has announced that it has successfully closed a staggering $2.1 billion in housing investments in 2025 alone. This milestone brings their total affordable housing investments under management to over $12.9 billion as of December 31, 2025. Such numbers not only reflect the company’s commitment to enhancing affordable housing options across the nation but also its resilient strategies in a challenging market.

Established in 2011, R4 Capital has steadily grown its portfolio and investor base. The company’s Low-Income Housing Tax Credit (LIHTC) equity sector has become its flagship service, exemplifying its role in financing affordable housing projects nationwide. For 2025, R4 Capital closed $1.19 billion from 51 institutional investors, marking a 39% increase compared to 2024. This increase is a testament to R4’s strategic growth, appealing to new clients while strengthening relationships with existing investors. Managing Director Jason Gershwin expressed pride in delivering such significant equity financing despite the industry's challenges.

In addition to its equity achievements, R4’s subsidiary, R4 Capital Funding (R4CF), showcased its prowess by providing $925 million in mortgage capital. This financing has been specifically tailored to facilitate the construction and preservation of 4,398 affordable housing units. This growth reflects a 34% increase in capital deployed over the previous year, underlining R4CF's adaptability to meet market needs effectively.

Over the past decade, R4CF has financed over 29,000 units of affordable housing across 31 states and Washington, D.C., showcasing its ability to respond to diverse market demands. The organization's strategic expansions into new geographic areas, combined with a commitment to evolving its product offerings, have positioned R4CF as a leading force in the private placement market.

Beyond these financial achievements, R4 Capital’s development subsidiary, Forward Housing, has also made significant strides. Launched in 2021, Forward Housing aims to acquire and rehabilitate existing affordable housing properties, particularly those under Section 8 rental subsidies. In 2025, Forward Housing successfully closed on six acquisitions, bringing its operational portfolio to 16 properties. President Alex Magliozzi noted that these acquisitions demonstrate their commitment to preserving affordable housing, especially during a demanding year.

R4 Capital President and CEO, Marc Schnitzer, emphasized the hard work and dedication of the company's 107-person team in making 2025 a landmark year. The achievements signify not just success in terms of numbers but also reflect the impact on communities through increased affordable housing production nationwide.

R4 Capital's growth and commitment to affordable housing extend beyond financial metrics. Its holistic approach combines investment, development, and a dedication to social responsibility. As the firm looks ahead, it aims to continue expanding its reach and enhancing the affordable housing landscape across the United States. This commitment is vital in addressing the ongoing challenges in housing accessibility, ensuring that more individuals and families have a place they can call home.

In conclusion, R4 Capital is not just a financial operator; it's dedicated to creating lasting change in the affordable housing sector. As it navigates the complexities of market demands and external challenges, R4 remains steadfast in its mission to provide quality housing solutions that benefit communities nationwide.