About MMA Capital Management
At MMA Capital Management, we partner with institutional capital to create and manage investments in affordable housing and renewable energy. We operate through three reportable segments: US Operations, International Operations and Corporate Operations.
Our US Operations consist of three business lines: Leveraged Bonds, Low-Income Housing Tax Credits (“LIHTC”), and Energy Capital and Other Investments. The Leveraged Bonds business line finances affordable housing and infrastructure in the US. Our LIHTC business currently consists primarily of a joint venture with Bank of America, N.A. related to limited partner interests in approximately 650 LIHTC properties and secured loans made to Morrison Grove Management, LLC (“MGM”), which manages limited partner interests in an additional approximately 300 LIHTC properties. We also have the option to purchase MGM in 2019 with its potential for long-term upside. The Energy Capital and Other Investment business line consists primarily of our wholly owned subsidiary, MMA Energy Capital, which provides project capital to develop and build renewable energy systems.
We manage our International Operations through International Housing Solutions (“IHS”) where our strategy is to raise, invest in, and manage private real estate funds. IHS currently manages three funds: the South Africa Workforce Housing Fund, which is a multi-investor fund and is fully invested; IHS Residential Partners I, which is a single-investor fund targeted at the emerging middle class in South Africa; and IHS Fund II, which is a multi-investor fund targeting investments in green affordable housing in South and Sub-Saharan Africa. To learn more about IHS, go to www.ihsinvestments.co.za.
Finally, our Corporate segment is responsible for accounting, reporting, compliance and planning which are fundamental to our success as a global fund manager and publicly traded company in the United States.
For our entire business, the key to our success is our commitment to performance built on our core values of Integrity, Innovation and Service.
The common shares of MMA Capital Management are traded on the NASDAQ Capital Market under the ticker symbol MMAC. For additional information about the NASDAQ Capital Market please visit www.nasdaq.com.