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.