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Overview
CREA, LLC provides equity financing for affordable housing by syndicating Low-Income Housing Tax Credits (LIHTC) and linking real estate developers with institutional investors. It bundles LIHTC equity into investment funds, raises capital from banks and corporations, and deploys it into a nationwide portfolio of affordable housing projects; investors receive tax credits and CRA-compliant returns while developers gain essential equity. The firm handles the full LIHTC lifecycle—underwriting, fundraising, asset management, and fund administration. With a track record of over $12.6 billion raised and properties in 48 states plus DC and a territory, CREA aims to expand affordable housing by reliably delivering LIHTC equity and helping investors achieve meaningful community impact.
About CREA, LLC
Industries
Social Impact
Financial Services
Real Estate
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Indianapolis, Indiana
Founded
2001
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Simplify's Take
What believers are saying
- The July 2025 LIHTC expansion permanently boosts 9% allocations and 4% bond financing.
- CREA raised $1.955 billion in 2025, its strongest equity year on record.
- Fund 117 supports 3,484 homes across 16 states, proving durable investor appetite.
What critics are saying
- CREA depends on LIHTC policy; Congress still controls future credit rules after 2026.
- 2025-2026 demand concentration invites competition from larger syndicators chasing expanded LIHTC allocations.
- Any investor pullback would choke equity raising and threaten CREA’s fund-formation pipeline quickly.
What makes CREA, LLC unique
- CREA closed Fund 117 at $403.2 million, its largest multi-investor fund ever.
- Tony Bertoldi became CEO January 1, 2025, preserving Jeffrey Whiting’s affordable-housing expertise.
- CREA spans 49 states and territories, giving investors nationwide LIHTC sourcing reach.
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Benefits
Remote Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -4%2 year growth
↓ -4%CREA closed its 40th multi-investor fund, CREA Corporate Tax Credit Fund 115, raising $232 million to support 1,670 homes through the LIHTC program. The fund includes 16 properties across 10 states. Despite challenges in early 2025, CREA sees renewed strength in the LIHTC program. The firm partnered with eight returning investors and has raised over $12.6 billion in equity, contributing to over 90,000 homes in 975 communities.
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About CREA, LLC
Industries
Social Impact
Financial Services
Real Estate
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Indianapolis, Indiana
Founded
2001
CREA, LLC is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today