TCAM Adds Consulting and Advisory Engagement

Posted on September 22, 2016

BOSTON, MA – Today, TCAM announced a new consulting and advisory engagement for a credit enhancer  that provided default protection for Low-Income Housing Tax Credits (LIHTC) investments. After providing due diligence services to the client for a large secondary market transaction involving over 350 properties in over 40 states and Washington, D.C., TCAM was engaged to provide continuing oversight services to measure and mitigate the client’s exposure under its financial arrangements.

The engagement adds to TCAM’s growing business with capital providers to the LIHTC industry. TCAM is currently providing asset management and advisory services to many banks and financial institutions, as well as syndicators and public sector funders. Services include direct asset management as well as oversight of credit enhanced and guaranteed portfolios. “Credit enhancement is important to increasing liquidity in the tax credit investment market,” said TCAM CEO Jenny Netzer. “We are pleased that TCAM’s expertise and assistance can help clients undertake such obligations.”

TCAM’s clients include capital providers for affordable housing with and without low income housing tax credits. Clients are major financial institutions, investors, insurance companies, affordable housing lenders, LIHTC syndicators, guarantors, owners and developers, investment funds, large urban housing authorities and state housing finance agencies. Overall, TCAM provides services for 1,332 properties comprising 172,000 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital.

TCAM is owned by QuietStream Financial ( QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.


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