Wnc Closes $176 Million Institutional Lihtc Fund To Build And Rehabilitate More Than 2,160 Affordable Housing Units

Apr 20, 2021•over 4 years ago

Amount Raised

$176 Million

Irvine

Description

WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced today it has closed WNC Institutional Tax Credit Fund 50 LP (WNC Fund 50). The fund raised $176 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more than 2,160 affordable housing units in 16 states.

Company Information

Company

Wnc

Location

Irvine, California, United States

About

WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in affordable housing and community development initiatives. The firm has acquired approximately $13.9 billion of assets totaling in excess of 1,600 properties in 48 states, Washington D.C., and the U.S. Virgin Islands. WNC's investor base exceeds 19,500 institutional and retail clients, including Fortune 500 companies, multinational banks, and insurance companies. Additional information is available at www.wncinc.com. ContactJulie LeberSpotlight Marketing Communications949.427.1391[email protected] SOURCE WNC

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Wnc Closes $176 Million Institutional Lihtc Fund To Build And Rehabilitate More Than 2,160 Affordable Housing Units

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