Multi-Housing News: Boston Financial Closes California Fund at $83M

Boston Financial Investment Management (“Boston Financial“) has restarted its California-focused funds with the closing of its latest low income housing tax credit fund. The Boston Financial California Fund II (BF CA II) closed at $83 million and will be used to fund affordable housing communities across the state. The company said the fund attracted several new investors for a total of eight institutional investors, adding that four of the investors were new.