Boston Capital Revenue and Competitors

In 1974, co-founders Jack Manning and Herb Collins created a real estate development company in a spare bedroom. Guided by integrity, and combining social and financial responsibility, they lent their expertise in the field of affordable housing to help shape public policy, leading to the development of the Low Income Housing Tax Credit Program enacted by Congress in 1986. The LIHTC Program encouraged institutional and individual investors to invest in desperately needed affordable housing while at the same time reducing their tax liability. In 1987, Boston Capital launched its publicly traded flagship Boston Capital Tax Credit Fund. Since then, Boston Capital Tax Credit Funds have raised in excess of $3.2 billion in equity, from over 80,000 investors. Our NASD registered broker/dealer affiliate, Boston Capital Services, Inc., raises this equity through a nationwide selling network of nearly 500 NASD licensed financial advisors, including securities firms, insurance companies and financial planning firms.