Raymond James Affordable Housing Investments (RJAHI), a leading national sponsor of affordable housing, has hired Ted Holman as vice president of institutional sales for the Western Region.

Based in San Francisco, Holman will raise investment capital for affordable multifamily developments qualifying for Low Income Housing Tax Credits (LIHTC) and for the preservation of affordable housing. He will cover investors primarily in Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon and Washington state.

Holman has more than 26 years of finance experience and joins Raymond James after nine years leading First Republic Bank's LIHTC program. He previously worked in the LIHTC programs at Union Bank and Centerline Capital Group.

'Ted is a highly regarded professional who has long served the commercial real estate and affordable housing communities of the West Coast,' said Steve Kropf, president and CEO of RJAHI. 'With Ted's strong network of contacts and deep industry experience paired with our extensive platform, I look forward to watching Ted grow our presence and the region's affordable housing market.'

Holman sits on the board of Community Housing Works and served on the board of directors for the Affordable Housing Investors Council. He earned an undergraduate degree in financial economics from Rutgers University and a master's degree in economics from the University of Virginia.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.32 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

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