National Partnership Investments Corp. (NAPICO) has sponsored 33 public and private partnerships since 1975, raising in excess of 1.4 billion dollars for the acquisition of more than 67,000 housing units with a total purchase price of $2.2 billion dollars. NAPICO was founded as a mortgage brokerage and banking firm in 1966 by Charles (Chuck) Boxenbaum, whose real estate career commenced in 1960.

NAPICO sponsored two public tax credit funds with PaineWebber during 1989-1992, and since 1992 has been a leader in the industry’s focus on structuring tax credit investments exclusively for large institutional investors. NAPICO’s ability to comply with the exacting standards established by these investors for property quality, management expertise, and timely and accurate reporting is evidenced by its enviable track record of growth and performance in the industry.

NAPICO believes that much of the credit for such a notable long-term record must go to the developers with whom it has invested. The nature of a tax credit investment dictates a long-term relationship. The majority of NAPICO’s acquisitions are repeated investments with substantial and experienced developers.

The atmosphere of continuity and cooperation created by this relationship-oriented investment philosophy with developers also extends to NAPICO’s corporate investors, almost all of which have invested in multiple NAPICO corporate partnerships.

In February 2002, NAPICO was acquired by Apartment Investment and Management Company (AIMCO) and AIMCO has added all of the NAPICO local partnerships to its Affordable Housing Division for oversite asset management.