In 2023, PNC Multifamily Capital (formerly known as PNC Tax Credit Solutions) invested $150.7 million to support 30 projects that provided critically needed healthcare services, education and workforce development, community services, and jobs in severely distressed communities across the country. The expertise of our Multifamily Capital team and PNC's strong financial position have made PNC a national leader of strategic and impactful community investment. To do this work, PNC utilizes many of the nation's largest and most effective community development tools, including the Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), Historic Tax Credit (HTC) and our own Affordable Housing Preservation Investments. In total, PNC Multifamily Capital manages $14.09 billion in equity that supports more than 132,700 affordable rental units, 198 NMTC investments and 67 historic properties nationwide.