R4 Capital

Overview

R4 Capital is a national affordable housing investment firm specializing in low-income housing tax credit (LIHTC) equity syndication, underwriting, asset management, and tax-exempt lending. Founded in 2011, the firm has raised and manages over $12.9 billion in affordable housing investments, encompassing more than 78,500 units across 49 U.S. states, Washington, D.C., and territories. Their portfolio includes both LIHTC equity and debt investments, reflecting a comprehensive approach to affordable housing finance. The firm's investment strategy focuses on providing capital solutions to create and preserve affordable housing nationwide. This includes syndicating LIHTC equity, offering tax-exempt mortgage capital through its subsidiary R4 Capital Funding (R4CF), and engaging in development activities via its subsidiary Forward Housing Preservation. In 2025, R4 Capital closed a record $2.1 billion in affordable housing investments, comprising $1.19 billion in LIHTC equity and $925 million in mortgage capital, marking a 39% increase over 2024. R4 Capital's track record demonstrates a commitment to expanding affordable housing opportunities. Since its inception, the firm has financed the construction and preservation of over 29,000 units of affordable housing across 31 states and Washington, D.C. Their approach emphasizes fostering longstanding relationships with investors and developers, aiming to deliver measurable revenue growth and systemic process improvement in the affordable housing sector.

Investment Focus

• Affordable housing projects
• LIHTC equity investments
• Tax-exempt mortgage financing
• Development of affordable housing properties