U.S. Bancorp Impact Finance reported record 2025 results for its tax credit syndications platform, raising about $5.7 billion in third-party capital from 58 institutional investors across 109 transactions. The company said the capital financed 6,812 affordable housing units through Low Income Housing Tax Credit syndications in 19 states, supported 4.4 GW of renewable generation capacity and 0.8 GW of battery storage through Renewable Energy Tax Credit syndications, and financed 129 economic development projects through New Markets Tax Credit syndications. U.S. Bancorp Impact Finance also reported surpassing $7 billion in tax credit transfers since transferability was authorized in 2023, and said it launched an unguaranteed LIHTC product while continuing to develop a complementary debt platform.

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