CREA, a national low-income housing tax credit syndicator, announced record-setting results for 2025.
The firm reported closing $1.39 billion in investor equity across 29 states and expanding into two U.S. territories.
In total, CREA raised $1.96 billion in investor equity, marking the highest annual totals for both closed and raised equity in the company’s history.
The funding closed in 2025 will directly support the creation or preservation of 9,448 affordable homes in 91 developments and is projected to generate approximately 11,810 jobs.
The partnerships involved 78 developers, of which 38 were repeat clients, as well as 34 investors.
During 2025, CREA had its largest multi-investor fund to date, with total equity raised of $403.5 million. CREA also closed its 40th multi‑investor fund earlier in the year at $232 million.
As it celebrates its 25th anniversary in 2026, the organization has surpassed $13.5 billion in investor equity, building a portfolio of 1,059 properties and nearly 97,500 affordable homes across 49 states, Washington, D.C., and three U.S. territories.
“[2025] was not without hurdles, but our team never lost sight of our mission,” said Tony Bertoldi, CEO. “Team CREA’s resilience and commitment, in partnership with our outstanding investor and developer clients, allowed us to keep moving forward and continue building affordable housing that people and communities can truly be proud of. With a milestone year now behind us, we’re carrying that momentum into 2026 with excitement and confidence.”