November
2025
Q4 2025 Market Commentary
by
LUKE ROTTMANN
,
Managing Director, Investor Relations & Capital Markets
Tax-Exempt Income Through Affordable Housing Solutions
4% LIHTC B-pieces represent one of the most overlooked sources of high-yield, tax-exempt income in today’s market. For decades, these credit instruments have delivered durable performance and long-duration tax-advantaged cash flows, earning a place in many institutional portfolios. Our latest commentary provides a concise overview of the asset class and the structural features that support its stability.
To learn more, we invite you to read our commentary here:
