California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
WNC Closes LIHTC Funds at $350M
WNC, an Irvine-based provider of investment, asset management and development services in the affordable housing industry, closed two institutional low-income housing tax credit (LIHTC) funds totaling approximately $350 million in equity. The closure of the funds brings WNC’s total equity raise since inception to approximately $17.2 billion.
“WNC remains focused on our mission to provide safe, high-quality and affordable housing options to residents in need across the United States, and the completion of two funds totaling $350 million in this economic environment speaks volumes about our investors’ belief in us and our mission,” said WNC EVP of investor relations Christine Cormier.
Equity from the funds will be used to construct and rehabilitate more than 2,100 affordable housing units across 29 properties in Alabama, Alaska, Arizona, California, Connecticut, Iowa, Maine, Massachusetts, Montana, North Carolina, Nebraska, New Hampshire, Texas and West Virginia.
- ◦Development
- ◦Financing




