Regions Affordable Housing

What Regions Affordable Housing does

Regions Affordable Housing is a division of Regions Bank (a subsidiary of publicly traded Regions Financial Corporation, NYSE: RF) that finances income- and rent-restricted apartment properties nationwide through an integrated debt-and-equity platform. Established in 2016 when Regions Bank acquired the Low-Income Housing Tax Credit (LIHTC) corporate fund syndication and asset management businesses of First Sterling Financial Inc., the division combines that legacy with Regions' existing Community Investment Capital, Real Estate, and Capital Markets capabilities. Its product portfolio includes LIHTC and historic tax credit equity (federal and state), construction loans, equity bridge loans, and underwriting and closing of HUD, Fannie Mae, and Freddie Mac lender placements, complemented by treasury management, depository services, derivatives, and institutional trustee services. A dedicated Asset Management team supports projects through construction and lease-up, while equity capital is deployed through direct proprietary and multi-investor fund platforms on behalf of institutional investors.

The division operates as a relationship-led, enterprise-field-sales business with dedicated originations and relationship managers across the United States. Its stated reach covers 1,400+ affordable housing properties across 45 states, Washington, D.C., and Puerto Rico, with a combined industry tenure exceeding three decades. Customers are primarily affordable housing developers (deal counterparties) and institutional investors in tax-credit equity; pricing is not publicly disclosed and transactions are handled bilaterally. There is no proprietary technology platform disclosed, no AI/ML capability referenced, and no standalone financial reporting — division results are consolidated within Regions Bank. Strategic activity in 2024-2025 has centered on a leadership transition (Katie Such as Head of Affordable Housing, David Payne as Head of Originations), team expansion (two new relationship managers), and continued high-volume transaction closings across multiple states, including a $46.6M HUD D4 placement on Buckner Station in Dallas.

Name

Regions Affordable Housing

Legal name

Regions Bank

Website

http://www.firststerling.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Regions Affordable Housing is a division of Regions Bank that provides integrated LIHTC and historic tax credit equity, construction and bridge loans, HUD/Fannie Mae/Freddie Mac lender placement, and asset management services to affordable housing developers and institutional investors across 45 states, D.C., and Puerto Rico.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Affordable & Public Housing Asset Management (BPAJAMAI), National Housing Finance Agencies & Ministries (FSALAKAB)

Keywords

• Affordable housing finance
• LIHTC equity investments
• Construction lending
• Tax credit syndication
• Multifamily lending

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Tax Credit Equity Investment: Regions Affordable Housing provides LIHTC (Low-Income Housing Tax Credit) and historic tax credit equity (federal and state) investments. The company originates, underwrites, and manages tax credit properties through direct, proprietary, and multi-investor fund platforms.
2. Debt Financing: Construction loans, equity bridge loans, and long-term debt financing for income-restricted apartment properties. Revenue generated through interest income and loan origination fees.
3. Asset Management Services: Long-term portfolio management solutions for investors including underwriting, asset management, and dedicated asset management teams supporting construction and lease-up phases.
4. Lender Placement Services: Underwriting and closing HUD, Fannie Mae and Freddie Mac lender placements as an approved lender.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Regions Affordable Housing provides debt and equity financing for income- and rent-restricted apartment properties nationwide, including LIHTC and historic tax credit equity (federal and state), construction loans, equity bridge loans, and underwriting and closing of HUD, Fannie Mae, and Freddie Mac lender placements. For institutional investors, the division originates and underwrites tax credit properties through direct, proprietary, and multi-investor fund platforms, and provides asset management and long-term portfolio management solutions across the full project life cycle.

Product overview

Regions Affordable Housing offers a comprehensive suite of affordable housing financing solutions operating as a unified platform that combines debt and equity products with full-service banking capabilities. The product portfolio includes LIHTC and historic tax credit equity financing, construction loans, and equity bridge loans as the core financing instruments, complemented by HUD/Fannie Mae/Freddie Mac lender placement services. Treasury management, depository services, and derivatives & institutional trustee services round out the banking relationship offerings. The division also provides asset management services with a dedicated team supporting projects through construction and lease-up, and offers investment capital through both direct proprietary and multi-investor platforms. These products work together to serve the full project life cycle from origination through long-term portfolio management.

Differentiator

Problem solved

Functional benefit

Products and services

• LIHTC & Historic Tax Credit Equity

Quantifiable outcome

• Over 1,400 affordable housing properties financed across 45 states, Washington D.C., and Puerto Rico

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• First Sterling Financial Inc.coreStrategic or Co-development Partner · 1 January 2016In 2016, Regions Bank acquired the Low-Income Housing Tax Credit (LIHTC) corporate fund syndication and asset management businesses of First Sterling Financial Inc. This acquisition complemented Regions' Community Investment Capital, Real Estate and Capital Markets capabilities, and the integrated groups became Regions Affordable Housing.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• JPMorgan Chase Community Development Banking: Community development banking arm of JPMorgan Chase that provides LIHTC equity syndication, construction lending, and affordable housing financing. Directly comparable as a large-bank affordable housing finance platform with integrated debt, equity, and asset management.
• Wells Fargo Multifamily Capital: Wells Fargo's multifamily affordable housing finance business providing LIHTC equity, construction loans, and Fannie Mae/Freddie Mac placements. Comparable in scale, product breadth, and bank-backed balance sheet advantage.
• Bank of America Community Development Banking: Bank of America's affordable housing and community development lending arm, providing LIHTC equity, construction financing, and asset management. Directly comparable as a top-five bank-affiliated affordable housing platform.
• Citi Community Capital: Citi's community capital group that originates LIHTC equity investments and affordable housing debt. Comparable in scope (federal and state LIHTC, construction loans, GSE lender placements) and target segments (developers and institutional investors).
• PNC Real Estate: PNC's real estate banking business including affordable housing and multifamily lending. Directly comparable as a regional/super-regional bank providing construction loans, LIHTC equity, and HUD/Fannie Mae/Freddie Mac placements.
• Capital One Multifamily Finance: Capital One's multifamily lending business serving affordable and market-rate properties, including GSE executions and balance-sheet construction loans. Comparable in product mix and target developer/investor base.
• Berkadia Affordable Housing: Berkadia is a leading LIHTC syndicator and affordable housing lender with construction and permanent financing capabilities. Directly comparable as a non-bank LIHTC equity provider and affordable housing lender.
• RBC Capital Markets Affordable Housing: RBC's affordable housing finance platform providing LIHTC equity syndication and construction lending. Directly comparable in product mix (federal/state LIHTC, construction loans, bridge financing) and institutional investor base.

Broad incumbents

• Freddie Mac Multifamily: Government-sponsored enterprise that purchases affordable housing mortgages and provides execution through its TAH (Targeted Affordable Housing) program. Comparable as a major affordable housing capital source but operates as a GSE buyer rather than a direct LIHTC equity syndicator.
• Fannie Mae Multifamily: Government-sponsored enterprise that finances affordable rental housing through its Multifamily Affordable Housing (MAH) business. Comparable as a primary affordable housing takeout lender and standards-setter but operates at GSE scale rather than as a syndicator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RegionsBank
• Facebookfacebook.com/regionsbank
• LinkedInlinkedin.com/company/regions-financial-corporation
• Instagraminstagram.com/regionsbank/?hl=en
• Pinterestpinterest.com/regionsbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Regions Affordable Housing