Reports Q2 revenue $23.59M, consensus $25.65M. “We continue to focus our investing activity on lending associated with low income housing tax credit projects,” said Kenneth C. Rogozinski, the Partnership’s Chief Executive Officer. “In the second quarter, we extended the maturity date for both of our corporate credit lines and increased our total borrowing capacity by $30 million. In July, we received an additional capital commitment of approximately $60 million for the BlackRock construction lending joint venture from a second institutional investor. Both of these developments make us well positioned to deploy capital into new affordable housing investment opportunities.”
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