BOSTON CAPITAL OPENS NEW FUND

BOSTON — Boston Capital has opened a new fund, Boston Capital Tax Credit Fund XXXII. The fund consists of a $150 million diversified portfolio of affordable apartment properties throughout the U.S. The company expects strong investor interest given the rise in LIHTC and the drop in Treasury rates. This new launch follows the successful closing of Fund XXXI, a nationally diversified portfolio of 30 affordable apartment properties in 12 states with total equity invested of $120 million. Boston Capital’s Fund XXXI included 12 developments for seniors and 18 properties focused on families and added an additional 2,109 apartment units to Boston Capital’s holdings, which currently total more than 166,500 apartments. Boston Capital expects to launch and close two multi-investor national funds, including Fund XXXII, totaling $250 to $275 million by March 2010.