In 2019, Westwood Capital pioneered the affordable housing industry’s first GP Interest Securitized Debt facility—Affordable Housing Future Flow Contributive Asset-Backed Securities (AHFCABS). Since inception, Westwood has remained the market’s leading advisor and placement agent, having originated over $3.25 billion of investment-grade bonds.

This innovation addressed a fundamental challenge within the LIHTC market. While LIHTC assets generate highly stable, long-term cash flows supported by strong occupancy and government-backed revenue streams, much of this value remains locked in long-duration ownership structures, limiting the ability of developers to access and redeploy capital.

Westwood’s securitization platform transforms these future cash flows into immediate liquidity, enabling clients to recycle capital into new developments, fund acquisitions, and execute GP/LP buyouts. By introducing capital markets solutions into the LIHTC ecosystem, these structures enhance capital efficiency and reduce reliance on constrained funding sources. The impact of this approach is significant. By unlocking institutional capital through securitization, LIHTC production can increase materially while improving overall capital efficiency—demonstrating the ability to scale affordable housing delivery without additional public subsidy. In addition to its securitization capabilities, Westwood’s LIHTC Advisory practice includes M&A advisory, portfolio valuations, ratings agency advisory, and quarterly reporting services—providing a comprehensive, execution-focused platform for complex affordable housing transactions.