Raymond James Celebrates 50 Years of Affordable Housing Sponsorship
ST. PETERSBURG, Fla. – In 2022, Raymond James celebrates its 50th year of creating safe, reliable and affordable housing for communities throughout the United States. To more accurately reflect the scope of the firm’s expertise, services and resources in the space, Raymond James Tax Credit Funds is changing its name to Raymond James Affordable Housing Investments (RJAHI), effective today.
RJAHI has grown into one of the largest sponsors of low-income housing tax credit funds since the inception of the tax credit program in 1986 and has been adapting and building on its expertise along the way. The firm enters its 50th year of service in this industry having invested over $13 billion in equity for more than 2,300 properties across the country. Through its focus on client service, excellent execution and strong industry expertise, RJAHI partners with affordable housing developers as well as institutional investors to deliver quality affordable housing projects to low-income families, seniors, veterans, Native American tribes and other populations.
“For 50 years Raymond James has brought affordable housing to thousands of vulnerable families and individuals in nearly all 50 states,” said Steve Kropf, president and CEO of RJAHI. “While we are changing our name to more accurately reflect the full suite of services and investments we offer our partners, our commitment to serving the community through building or rehabilitating quality housing projects is as strong as ever. We work tirelessly to do things the right way and it’s a privilege to lead this talented and dedicated team of professionals into the next 50 years of our mission.”
About Raymond James Affordable Housing Investments
Raymond James Affordable Housing Investments is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF). Since 1972, subsidiaries of RJF have been among the leading syndicators of affordable housing. Raymond James Affordable Housing Investments has raised over $13 billion in equity for more than 2,300 properties across the United States since the inception of the tax credit program in 1986. For more information, visit raymondjames.com/ahi.
About Raymond James Financial, Inc.
Raymond James Financial, Inc., (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,500 financial advisors. Total client assets are $1.22 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com.