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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
- OBBBA permanently lifts LIHTC allocations 12% starting 2026, expanding CREA's deal flow.
- CREA's Fund 117 raised $403.2 million with 13 returning investors and one new investor.
- Fund 115 financed 1,670 homes across ten states, proving durable developer demand.
What critics are saying
- CREA's pricing faces pressure: May 2026 housing credit equity hit $0.835.
- Competitors like Enterprise and PNC target June 2026 closes, squeezing investor capital.
- If LIHTC demand weakens, CREA's fund-raising engine and fee stream slow fast.
What makes CREA, LLC unique
- CREA closed Fund 115 in September 2025, raising $232 million from repeat investors.
- CREA's 2025 succession kept Jeff Whiting engaged while Tony Bertoldi became CEO.
- CREA raised over $14.1 billion and spans 49 states, three territories, and D.C.
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Benefits
Remote Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -5%2 year growth
↓ -5%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 5 Jobs on Simplify!
Find jobs on Simplify and start your career today