California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Orange County  + Apartments  | 
WNC Closes 2022 Raising $118M of LIHTC Equity

WNC Closes 2022 Raising $118M of LIHTC Equity

Irvine, CA-based affordable housing investment company WNC closed-out a successful 2022, raising $118 million in low-income housing tax credit (LIHTC) funds. The proceeds raised have been used to develop and renovate 945 affordable housing units in nine states, including Oregon, Texas and California (pictured).

“For more than five decades, WNC has worked alongside investment partners to provide safe, high-quality and affordable housing,” said WNC EVP Christine Cormier. “The closing of these funds has raised the equity we need to further our mission.”

Notable WNC projects funded in 2022 include the development of a senior community near Wichita, KS that will include social services and participation in a food distribution program and a facility in the Fenway neighborhood of Boston that is LEED Silver certified and will use high-efficiency building systems and will offer services ranging from job placement assistance to financial literacy and money management workshops.


Inside The Story

WNCChristine Cormier

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.